concerning than the current mid-to-low 3% inflation in the U.S...this is why the Fed didn't complain when Biden added additional COVID stimulus funds which added only 0.3% to inflation...it protected the country from the very real risk of Deflation...a much harder problem to deal with.
You're not the economic guru you think you are.
Link: https://www.bloomberg.com/news/articles/2023-11-09/china-slips-back-into-deflation-as-recovery-remains-fragile?embedded-checkout=true