acemaxx
The #AI shift and #China ‘s increasing trade surplus are also bringing into view structural forces for #disinflation – chart @GoldmanSachs
Dec 26 at 7:12amWeb
Show threadHavyhh2Dec 26
@acemaxxanalytics Just a guess, but PRC can, will, catchup data cntr capacity of US, or exceed it if deemed necessary....and can do so in relatively short order. US, otoh, will be forever trying, but never catching, rare earth refining capacity of PRC.
Show threadacemaxxDec 26
@havvyhh2
The narrative for China’s economy is much more mixed. #China’s ability to produce increasingly higher quality
goods at lower prices remains unmatched, Hatzius writes, Goldman Sachs.