Tuesday, November 4, 2014

Expect Deflation In China

This is good news for small businesses, since excess capacity means opportunity for new designs at lower prices:
The China Import and Export Fair, popularly known as the Canton Fair, generated 179.2 billion yuan ($29.30 billion), organizers said in a statement on Tuesday, the final day of the event that began on Oct. 15. That's 8.6 percent less than last fall's fair after accounting for currency fluctuations.
In capitalism, bad news for big business is good news for small business.

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1 comments:

Anonymous said...


Shenzhen, China:

"The city is going from an engineering site to a combination of engineering and culture that generates technology and innovation," said Pan of Seeed Studio. "The chemistry of the city is changing."

http://www.huffingtonpost.com/2014/11/06/shenzhen-silicon-valley-hardware_n_6109150.html