Ways China must tread for seamless transition to new era

IN recent years, China has found itself navigating a period of subdued inflation, stirring concerns within the market of a potential deflationary spiral. This phenomenon bears a resemblance to the country's economic situation from 1998 to 2000, where it grappled with a similar macroeconomic environment.

At that time, the economy stood at the crossroads of transitioning between old and new drivers of growth, characterized by sluggish economic expansion and tepid demand. The echoes of the past reverberate today as we confront the challenges of economic transformation.