Is Fossil Fuel Inflation a “Blessing” for the Chinese Economy?

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China's energy mix is diversified enough to mitigate the effects of rising oil and gas prices linked to the war in Iran. Better still, this inflation could even help to clean up an economy burdened by structural overcapacity, explains this finance professor at Shanghai Jiao Tong University. Source link: https://www.courrierinternational.com/article/vu-de-pekin-l-inflation-des-energies-fossiles-une-benediction-pour-l-economie-chinoise_243308 Auth…

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The Chinese energy mix is diverse enough to mitigate the effects of rising oil and gas prices associated with the war in Iran. Better, this inflation could even clean up an economy with structural overcapacity, explains the professor of finance at the Jiao-tong University in Shanghai.