Why China Needs Inflation but Can’t Get It

Why China Needs Inflation but Can’t Get It
Construction workers work at a large building site in the Central Business District in Beijing on April 13, 2023. Kevin Frayer/Getty Images
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Commentary

Economists and the general public generally think of inflation as bad.

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.
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