World News

35258 readers

254 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 5 years ago

MODERATORS

[email protected]

China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report says (fortune.com)

submitted 3 months ago by [email protected] to c/[email protected]

47 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] -3 points 3 months ago (1 children)

While it’s good data to see, I’m always suspicious of celebrating the fact that people have gone from earning $2 per day to $5 per day as “eradicating poverty.”

[–] [email protected] 7 points 3 months ago (1 children)

You can check the real wages and purchasing power parity, moreover more than doubling earnings is a large feat.

[–] [email protected] 1 points 3 months ago (1 children)

Could you point out the purchasing power data? It’s a 93 page report and I don’t see any heading on that in the table of contents.

[–] [email protected] 2 points 3 months ago (1 children)

Line goes up.

[–] [email protected] 1 points 3 months ago (1 children)

Line go up. But that appears to be a GDP graph, not a chart of purchasing power. Am I missing something?

[–] [email protected] 2 points 3 months ago

This is adjusted for PPP, Purchasing Power Parity.