Ray: It’s no secret that prices are falling in every sector in China & Tesla price cut is just an example of many while the western world is still fighting inflation. What is worse, deflation or inflation?
via Twitter @Ray
Tesla / 特斯拉
USD to RMB rate is trending higher & about to break out from ATH. RMB has been devalued against USD by 8% since July 2022 while China’s export declined by 14.5% in the same period YoY. Makes no sense? Something is not right about Chinese economy.
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