this post was submitted on 30 Dec 2024
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[–] nialv7@lemmy.world 1 points 1 week ago

sure, but that is because of rigorous government policies that came out of a herculean effort to eradicate poverty, not because of deflation like the comment i was replying to is trying to claim. if you look like China's inflation rate, it hovered ~2% for the past decade which is comparable to the US.