Editorial: Preventing Inflation and Stagnation, With Focus on Stagnation

Inflation is now a global challenge. There’s much concern about a possible global recession triggered by stagflation in major economies such as Europe and North America. While China has generally stable prices, it still faces risks of imported inflation. Active efforts should be made to prevent and properly respond to such risks. For China, stagnation is more likely than inflation, and the top priority is to maintain stable economic performance. Consequently, efficient coordination between pandemic control and socio-economic development in addition to insistence on solving problems blocking our advance by stimulating economic development are important.