Consumer prices in China are dropping. With producer prices also having been in decline for a while, deflation has now taken hold. This is detrimental to the economy. The Politburo is responding with cheap credit.
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Artificial Intelligence has dramatically enhanced the Chinese government's capabilities for citizen surveillance. Companies can continually develop new innovations because the state supplies them with valuable datasets. Alarmingly, China is also exporting this technology abroad.
By Marcel Grzanna