Their deflation is way smaller than the inflation in the west, at least right now. Plus the west is at least attempting to decouple from chinese manufacturing which is bound to make things more, not less, expensive. Thirdly, changes like this reflect on consumer prices slowly. And fourthly, corporations will just pocket the difference if nothing (usually competition) stops them from doing so.
Wouldn’t this translate to cheaper goods in other countries as well? If so, I’m not seeing that.
Their deflation is way smaller than the inflation in the west, at least right now. Plus the west is at least attempting to decouple from chinese manufacturing which is bound to make things more, not less, expensive. Thirdly, changes like this reflect on consumer prices slowly. And fourthly, corporations will just pocket the difference if nothing (usually competition) stops them from doing so.
That was really informative, thanks