Stagflation is a portmanteau of “stagnation” and “inflation” that describes an economy with little to no economic growth amid soaring prices. Photo: AFP
Stagflation is a portmanteau of “stagnation” and “inflation” that describes an economy with little to no economic growth amid soaring prices. Photo: AFP

Global stagflation risks offer China chance to ‘seize opportunity’ for economic, trade windfall

  • Decades-low ebb in global economic cycle could hit US economy while destabilising US dollar’s position and sending EU back into debt crisis, prominent Chinese economist warns
  • If 1970s-style stagflation hammers West, China could move up global value chain, but downsides remain amid competition from developing economies

Stagflation is a portmanteau of “stagnation” and “inflation” that describes an economy with little to no economic growth amid soaring prices. Photo: AFP
Stagflation is a portmanteau of “stagnation” and “inflation” that describes an economy with little to no economic growth amid soaring prices. Photo: AFP
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