{"id":33481,"date":"2012-07-09T21:55:28","date_gmt":"2012-07-09T21:55:28","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/china_heads_for_a_deflationary_shock\/"},"modified":"2012-07-09T21:55:28","modified_gmt":"2012-07-09T21:55:28","slug":"china_heads_for_a_deflationary_shock","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=33481","title":{"rendered":"Ambrose Evans-Pritchard&#8211;China heads for a deflationary shock"},"content":{"rendered":"<p>China is on the cusp of a deflationary vortex.<br \/>\nThis was signalled late last year by the sharpest contraction in the (real) M1 money supply since modern records began. The hard data is now confirming the warnings.<br \/>\nConsumer prices have been falling for the last three months, producer prices have been falling for four months. This is not a food cost story. It is systemic.<br \/>\n&#8220;While an economy-wide generalized deflation is yet to be seen, the deflationary spiral looks to have started in some industrial sectors, attesting to considerable stress with the economy. Persistent deflation can be poisonous,&#8221; said Xianfang Ren from IHS Global Insight in Beijing.<\/p>\n<p><a href=\"http:\/\/blogs.telegraph.co.uk\/finance\/ambroseevans-pritchard\/100018475\/china-heads-for-a-deflationary-shock\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China is on the cusp of a deflationary vortex. This was signalled late last year by the sharpest contraction in the (real) M1 money supply since modern records began. The hard data is now confirming the warnings. Consumer prices have<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=33481\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,201,502,582,589,149,119,151],"tags":[],"class_list":["post-33481","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-asia","category-china","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-globalization","category-politics-in-general"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/33481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33481"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/33481\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}