People still need things, just because their money is getting more valuable doesn’t mean they’re gonna skip this weeks groceries, the next haircut, car repairs, etc. This isn’t a problem that’s going to grind an economy to a halt, especially a command economy. The more worrying thing for China I’d imagine would be the total exports dropping which is also supposedly happening.
People still need things, just because their money is getting more valuable doesn’t mean they’re gonna skip this weeks groceries, the next haircut, car repairs, etc. This isn’t a problem that’s going to grind an economy to a halt, especially a command economy. The more worrying thing for China I’d imagine would be the total exports dropping which is also supposedly happening.