No Deflation in Store, China's Current Inflation to Facilitate More Policy Support

The year-on-year growth rate of CPI in April has dropped a lot. Industry analysts pointed out that the core CPI remained stable year-on-year, so there is no basis for deflation. The stability of core CPI reflects the inherent resilience of the economy.

From a historical point of view, China has experienced a periodical decline in CPI many times, but if the economy maintains a normal growth trend, the impact of the periodical decline in CPI should not be exaggerated. China's economy has made a good start. Compared with the high inflation levels of developed economies, China's inflation remains in a moderate range.

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