‘Not too late’: outspoken economist Yu Yongding flags China’s stagflation risks

Outspoken Chinese economist Yu Yongding issues stagflation warning on Beijing’s fiscal policies - Known for his critical assessments of China’s economy, Yu says there is ‘very big room’ for more expansionary fiscal policies, and time is essential in adopting them - Deflationary pressure and weak domestic demand still loom large for China’s slowing economy, raising questions about which policies could reverse the trend A former adviser to China’s central bank has warned of a “stagflation” if the country does not …