Welcome to China Compass on the

I'm your China Travel Guide Missionary Bin.

As always, you can follow me on X at China Adventures, where I post daily reminders to pray for China.

Pray for China.us is our prayer website.

By the way, X is also the best way to get in touch with me.

Either tag me with a question or comment or follow and send a DM.

Finally, pray give go.

Pray givego.us has easy access to almost everything that we are involved in,

including books, substack, this particular podcast,

and our dedicated Pray for China website that I just mentioned a moment ago.

Once again, that's pray give go.

Dot us.

Check out all those things there. I want to start today with a little bit of news.

Briefly, I've got a lot of stories to tell a little later on. There's a couple articles that I was

looking at earlier about China's current deflationary spiral. China's deflationary spiral. I'm going to read to you a little bit of what I've

got here and then I'll try to explain to you what that means in practical terms based on what I've

seen personally in China over the years among how the people live and kind of spend their money

and whatnot. This first article is actually by CNN business and it's titled,

China's deflation problems get worse. And it says consumer prices in China have plunged to their

lowest level in more than a year highlighting persistent deflationary pressures in the world's second largest economy.

And it has some statistics here and whatnot.

And then it says deflation is a problem because it gives people little incentive to spend right now in expectation of lower prices.

...