China will not experience Deflation

According to Forbes.com, China's economy will not experience deflation. Deflation happens when money supply increases and consumer price inflation falls at the same time in stagnant economic growth, but China has not shown such signs. The chief economist at the State Information Centre, stated that the economic slow down will come at the end of 2009. China's economic growth slowed to 9.0 percent in the third quarter against 10.1 percent in the second, hurt by the global credit crisis and a weak property sector, leaving the economy on course for its first year of single-digit expansion since 2002 according to the article in Forbes. However, does this mean that if the economic slow down will only last until late 2009, will that have the same effect around the world in countries like the United States? Lets just hope this economic crisis does not last long at all.