CHINA’s economy is slumping, sinking deeper into a deflationary cycle. The rest of the world cannot afford to underestimate the problem and shrug it off as solely China’s problem. China’s economic downturn can spread as fast as the Covid-19 pandemic and disrupt many countries, Indonesia included. 

Let us examine the numbers. China’s producer price index has been negative for the past 23 months, falling by another 1.8