A Chinese jobseeker is interviewed at a career fair in Wuhan, Hubei province, this month. Economists are divided over whether the country is headed for a period of stagflation. Photo: AFP
A Chinese jobseeker is interviewed at a career fair in Wuhan, Hubei province, this month. Economists are divided over whether the country is headed for a period of stagflation. Photo: AFP
Economy /  China Economy

Chinese economists debate potential for domestic stagflation, with most dismissing the risk

  • Ren Zeping, chief economist at the Evergrande Group, says stagflation is coming, but others such as Yu Yongding are dismissing such concerns for now
  • Stagflation occurs when the inflation rate is high, the economic growth rate slows, and unemployment remains elevated

Cissy Zhou
Cissy Zhou

Updated: 8:45pm, 17 Mar, 2021

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A Chinese jobseeker is interviewed at a career fair in Wuhan, Hubei province, this month. Economists are divided over whether the country is headed for a period of stagflation. Photo: AFP
A Chinese jobseeker is interviewed at a career fair in Wuhan, Hubei province, this month. Economists are divided over whether the country is headed for a period of stagflation. Photo: AFP
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