While many economies worldwide are still dealing with unruly bouts of inflation, China has the opposite problem. The world’s largest economy is under a “deflationary cloud,” Albert Edwards, Société Générale’s always opinionated and often sardonic strategist explained in a Tuesday note.
That doesn’t sound like great news, but Edwards, who isn’t exactly known for his bullishess, sees a “silver lining” in China’s problems—the country might be able to “export” deflation to the West in a win-win scenario for both economies.
