China's wheels falling off, page-180

For a start, the economic term is deflation (opposite to inflation)

China went through a severe 2 years of Covid lockdowns which
has severely impacted its economy unlike the very limited lockdowns
in the West .

While the west is struggling with unaffordable high interest rates
which are curling the credit-extended working class, China has no such
problems with a low inflation of 0.2%(expected to rise to 1.7% in 2024 (IMF)
and an enviable interest rates of 2.65% !

According to the World Bank , China's GDP growth rate for 2023 is 5.2%

Wouldn't we love to have those figures...eh?