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I think it's because China is in deflation, so they simply want to spend more. Unlike the US and Europe with inflation and tipping culture, even though they pay

I think it's because China is in deflation, so they simply want to spend more. Unlike the US and Europe with inflation and tipping culture, even though they pay with smartphones they still don't want to spend a lot of money.

GrumpySloth 2y ago
Shouldn’t deflation cause people to want to spend less? Spending deflating money is throwing out an appreciating asset. Japan used to suffer from long-term deflation and I’ve heard people there were generally frugal in reaction to that. Vice versa, holding on to money during inflation makes you just lose money, since tomorrow you won't be able to afford the things you can afford today.