🚨 #China's economy risks falling into a debt-deflation spiral, warns economist Shang-Jin Wei. To avoid this, the central bank could launch an aggressive bond-buying campaign, even if it weakens the yuan. "It's a price worth paying," Wei says. 💸

Key points:

- Consumer prices recently fell into negative territory

- Producers have been experiencing deflation for a year

- Public & private sectors have big debts after pandemic spending

What do you think? Should China let the yuan lose value to save its economy? 🤔💭 Let's discuss!