Econ Extra Credit 2 - Yun 1 Daniel Yun Professor Brian Hunt Econ 2105 A1 25 January 2015 Chinas Economy Deflation Deflated In todays world it is

Econ Extra Credit 2 - Yun 1 Daniel Yun Professor Brian Hunt...

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Yun 1 Daniel Yun Professor Brian Hunt Econ 2105 A1 25 January 2015 China’s Economy, Deflation, Deflated In today’s world, it is undeniable how significant of a role the Asian countries play in the global economy. However, these same Asian countries experience the same problems that every other economy in the world faces. For example, several large Asian countries that have dominated the global economy are on the verge of facing deflation. Though the first country that comes to mind that fits this description for most may be Japan, this description better fits China, the largest, and perhaps the most influential Asian country in the marketplace. In China, producer prices have been consistently falling for over the course of nearly three years and consumer price inflation is currently at its lowest level since 2010, around four years. Overall, prices all across China’s economy are very close to outright falling. Amongst all of the countries in the world with an economy comparable to China’s, the way the Chinese have approached their economic problems have been much more relaxed than how any other country would have dealt with them. This is surprising

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