[revealer]

What do you think?  Already started in Hong Kong, and China will be next then followed by the other countries.  That is why some analysts think that it is good now for countries to maintain some inflation rate hike rather than suppressing the inflation rate.  China has been doing just that when it reduced interest rates to stimulate the economy.. it is just that it might be too late to stop it.  Usually,  stagflation will come after every war.

Hong Kong (CNN Business)A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. It's the latest sign that the government may be thinking about taking some aggressive steps to address slowing growth, including its first lending rate cut since early 2020.

Liu Shijin, a member of the People's Bank of China's monetary policy committee, told an online forum on Sunday that the world's second largest economy may have to deal with "quasi-stagflation" the rest of this year and into 2022, if demand continues to struggle and the cost of goods leaving Chinese factories stays high.
https://edition.cnn.com/2021/11/22/econo...index.html