China may have to juice its economy soon as 'stagflation' risk rises
CNN
A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. It's the latest sign that the government may be thinking about taking some aggressive steps to address slowing growth, including its first lending rate cut since early 2020.
Liu Shijin, a member of the People's Bank of China's monetary policy committee, told an online forum on Sunday that the world's second largest economy may have to deal with "quasi-stagflation" the rest of this year and into 2022, if demand continues to struggle and the cost of goods leaving Chinese factories stays high.
"We need to pay attention to it, because if this happens, it will not only affect the fourth quarter, but also affect next year," Liu said.
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