More On China: Deflation& ‘Made In China 2025’

China’s insidious deflation pressures are now evident in its producer and consumer price data. Government measures to stimulate the economy haven’t addressed the cause of the deflation problem—that the Chinese spend too little and save too much in the absence of adequate social safety nets. China needs to take decisive action in three areas, William explains. But a failure to see the urgency can be costly, as Japan learned the hard way; entrenched deflation can be difficult to root out. … Also: Does China’s ambition to dominate world tech markets pose a clear and present danger to Silicon Valley? Not quite yet.