Aug 09, 2022 04:41 AM

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.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
Caixin China Biz Roundup: Rape Allegations at Acting School Spark Uproar