Inflation or Deflation? Chinese Economy in 2023
Inflation or Deflation? Chinese Economy in 2023

Author(s): Shouyi Zhang, Guangxing He
Subject(s): Politics / Political Sciences, Politics, Economy, National Economy, Business Economy / Management, Economic policy, Financial Markets
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Chinese Economy; Inflation; Deflation; Monetary Policy
Summary/Abstract: In March 2023, data released by China's National Bureau of Statistics showed that the growth rate of CPI narrowed and the decline rate of PPI widened from the previous. The downturn in price data triggered market discussions about economic "deflation". After a retrospective study of Chinese economy since 1980, we do not think that the downturn in price data is the start of economic "deflation", but rather the early stages of recovery after the end of the three-year epidemic.

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