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Why has China fallen into deflation despite government efforts?

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China is an economic juggernaut so when it falls into deflation the rest of the world pays attention

 
China’s consumer sector has fallen into deflation in July despite extensive efforts to revive the country’s economy.

Before Covid the country’s economy was the envy of the world, but in the years since it has failed to gain traction as it emerged from arguably the most strict lockdowns in the world.

We can see the level of the decline of consumer prices compared to the prices of goods coming out of the factory gate.

With an economy of China’s size, this surely will have knock on impacts to the rest of the world.

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U.S. halts TSMC chip shipments to China

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The U.S. has ordered TSMC to stop shipping advanced AI and GPU chips to China starting Monday.

 

This decision follows concerns that TSMC chips were found in Huawei’s AI processors, potentially violating export controls. TSMC has informed its Chinese clients that shipments are now suspended. Huawei, already on the U.S. trade blacklist, faces further challenges in developing AI technology. The U.S. is also targeting other companies involved in shipping these chips to China as part of a broader effort to limit China’s access to advanced tech. TSMC has confirmed it will follow all export regulations.

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Trump’s plans to shakeup the Pentagon military leadership

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President-elect Trump’s return may spell big changes for the Pentagon.

Trump has hinted at removing military officials he deems “woke” or disloyal, creating unease within the Defense Department.

Some of Trump’s former generals have labeled him unfit for office, but he’s doubling down on loyalty as a top priority.

Senate Armed Services Committee chair Jack Reed warns that Trump could “destroy” the Pentagon by removing generals who stand by the Constitution.

Military leaders could face dismissal if they don’t align with Trump’s stances on issues like NATO or domestic deployments.

This loyalty push may reshape America’s military approach under Trump’s leadership.

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Judge grants request to pause Trump’s federal Jan. 6 case

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Special Counsel Jack Smith moves to vacate pretrial deadlines as DOJ weighs next steps after Trump’s Election Day victory.

U.S. District Court Judge Tanya Chutkan on Friday granted Special Counsel Jack Smith’s request to pause proceedings in former President Donald Trump’s federal Jan. 6 case.

The decision halts upcoming pretrial deadlines, allowing the Department of Justice (DOJ) time to consider next steps after Trump’s recent electoral win.

Smith’s motion filed on Friday highlighted the unprecedented situation, noting, “as a result of the election,” the DOJ seeks to vacate remaining deadlines to “assess this unprecedented circumstance.”

Judge Chutkan agreed, instructing the prosecution to submit a status report on December 2 with its proposed course of action.

The request marks a pivotal step, likely steering toward a halt in prosecution, given the DOJ’s longstanding policy against prosecuting a sitting president.

Trump’s victory, making him the first convicted felon elected to the White House, has prompted DOJ officials to deliberate on how best to close Smith’s two federal cases against him.

Had Trump lost the race against Vice President Harris, the former president could have faced potential prison time.

However, this Election Day win likely shields him from criminal consequences while in office.

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