China Should Import Deflation
With China’s inflation – and inflation expectations – rising, how can price stability be maintained without threatening the country’s booming growth? It is not impossible, but it does require that the government overcomes its deep-seated suspicion of opening China’s markets to imports.
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BEIJING – With China’s inflation – and inflation expectations – rising, how can price stability be maintained without threatening the country’s booming growth? Reconciling growth and fighting inflation is not impossible, but it does require that the government overcome its deep-seated suspicion of opening China’s markets to imports.