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China: June CPI is Down, but PPI is Up

"The problem in 1989 was very high inflation and the threat was very real that there would be a revolution against the communist government."
Respectfully disagree. Revolt or uprisings, maybe, but a real successful revolution, such as the Iranian Islamic revolution, the October Revolution, or even the French Revolution needs years of underground preparation and the successful infiltration and persuation of the police and armed forces.
These was no such threat in 1989 in China nor is there any such threat in the foreseeable future.