China Will Avoid Stagflation: HSBCMani
Despite witnessing rising prices and slowing growth, any risk of China facing stagflation is remote, according to one HSBC analyst. HSBC Chief Economist Xiaoping Ma believes it would be helpful for China to look back on how developed economies endured a painful period of stagflation during the 1970s.
Lessons from stagflation in the 1970s
Ma points out that during the mid-to-late 1970s, most OECD countries, including the U.S., the U.K. and Australia, witnessed stagflation characterized by simultaneous . . .
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