The 50 per cent fall in oil prices this year is self-evidently good news for all but oil-producing states, regions and companies. It also reminds us that the world economy is deflation-prone — both because of deficient demand in Europe, Japan and several big emerging markets and because China’s deflation, rooted in excess capacity, is structural and of growing significance.
今年油价下跌50%显然对所有人都是好消息，生产石油的国家、地区和公司除外。这也提醒我们，世界manbetx20客户端下载 正在走向通缩——既是由于欧洲、日本以及几大新兴市场需求不足，也是因为manbetx3.0 根源于产能过剩的通缩是结构性的，并且影响日益深远。
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