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This is the French History Debating Society. I'm John Rachler with the Generous Professor H.J.

Mackender's International Relations. We go to Beijing. Professor, the Wall Street Journal's story,

front page, deflation continues in Beijing.

The prices are crashing chiefly the property prices, but also all goods are cheaper

than they were a month ago.

Deflation is known in the 20th century as a regime killer.

Is it a threat to Beijing?

The regime in Beijing is facing a situation that is probably worse objectively speaking anything they have faced since Chairman

Maile died in November of 1976.

Ma'qe, a country that was a complete wreck.

However, Beijing and Washington managed to conjure several billion dollars of investment and opening

markets in the West that bailed PRC out for a while.

What's the company increasingly clear, however, is that much of the growth

...