Commentary
When the western advanced economies are losing control of inflation, China is praising herself as a global stabiliser with inflation staying as low as near two percent. True, China is one of the very few countries that can achieve the usual two percent inflation target at the moment. Nevertheless, we should question why this is the case. Once we learn the true cause to this from this piece, readers may find China will be able to achieve this “excellent inflation target” forever in the future! Notice that for emerging economies, inflation target is commonly set at four percent.
