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The Wall Street Journal– How Big of a Deflationary Force Will China Be?

An elevated investment to GDP ratio increases excess capacity and deflationary pressures. Given China's outsized role in global goods manufacturing, we believe competitive pressures will riseand deflationary pressures will persist, which could heighten trade tensions.

The Wall Street Journal:Cost of Car Ownership Squeezes Budgets.pdf-size15.90MB

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