A vendor packs food for a customer at a market in Jiujiang, Jiangxi province. China’s headline consumer price rises are only 2.5 per cent up from a year ago, while core inflation remains subdued at 1.8 per cent. From an inflation standpoint, there is nothing stopping another major monetary push. Photo: Reuters A vendor packs food for a customer at a market in Jiujiang, Jiangxi province. China’s headline consumer price rises are only 2.5 per cent up from a year ago, while core inflation remains subdued at 1.8 per cent. From an inflation standpoint, there is nothing stopping another major monetary push. Photo: Reuters
A vendor packs food for a customer at a market in Jiujiang, Jiangxi province. China’s headline consumer price rises are only 2.5 per cent up from a year ago, while core inflation remains subdued at 1.8 per cent. From an inflation standpoint, there is nothing stopping another major monetary push. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Why China should not fear the bogeyman of inflation

  • David Brown says there’s no reason for Beijing to hold back from doing what’s necessary to boost its economy when the inflation outlook is tame and monetary growth modest, amid a soft global economy

A vendor packs food for a customer at a market in Jiujiang, Jiangxi province. China’s headline consumer price rises are only 2.5 per cent up from a year ago, while core inflation remains subdued at 1.8 per cent. From an inflation standpoint, there is nothing stopping another major monetary push. Photo: Reuters A vendor packs food for a customer at a market in Jiujiang, Jiangxi province. China’s headline consumer price rises are only 2.5 per cent up from a year ago, while core inflation remains subdued at 1.8 per cent. From an inflation standpoint, there is nothing stopping another major monetary push. Photo: Reuters
A vendor packs food for a customer at a market in Jiujiang, Jiangxi province. China’s headline consumer price rises are only 2.5 per cent up from a year ago, while core inflation remains subdued at 1.8 per cent. From an inflation standpoint, there is nothing stopping another major monetary push. Photo: Reuters
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David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.