Ways for China to transition to new era

Pedestrians pass stores in the Datang district of Guangzhou, China, on Thursday, Nov. 16, 2023.  Photographer Qilai Shen/Bloomberg

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.