The Wall Street JournalThe Wall Street Journal

China’s reopening complicates global fight against inflation

By Stella Yifan Xie

22 Jan 2023 · 4 min read

HONG KONG—Just when signs point to easing inflation worldwide, China’s economic reopening after years of strict pandemic controls is raising questions about whether it could spur costs higher again.

Many economists aren’t too worried, but say the initial uncertainty will complicate matters for the Federal Reserve and other central banks that have been raising interest rates to fight inflation by slowing economic growth.

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