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Why could China avoid high inflation?  - China Magazine

Why could China avoid high inflation? – China Magazine

From Project Syndicate, by Zhang Jun – When high levels of capital spending fueled a sustained rise in Chinese inflation from 1991 to 2011, the authorities quickly brought the situation under control and, over the past decade, the CPI rarely exceeded 2%, compared to 5.4% in 2011. With policymakers in most major economies now losing …

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