Translating this Bloomberg report: China's economy is like a 200-pound heavyweight. With the unemployment wave + rising raw material costs, the economy was already struggling to move. But the government went crazy issuing bonds and printing money to make up for it. The unemployment wave ensured that the printed money didn’t end up in the hands of ordinary people, so instead of hyperinflation, there’s actually a bit of deflation And now, the recent oil price hike has pulled the inflation rate back into a mildly inflationary range that the whole world envies