Author(s)

Xinrui Chen, Lizilin Liang, Yixuan Wang, Ziqi Wu, Jingyi Zhuang

Corresponding Author

Xinrui Chen

ABSTRACT

Inflation is a continuous rise in the general price level for a certain period of time. In the past decade, while China's economy has developed rapidly, people's income has increased continuously and the price level has continued to rise. The causes of this inflation phenomenon are complex, which is not promoted temporarily, but formed under the background of reform and system transformation recently. Firstly, combined with the domestic and international situation and existing theories, this paper presents an overview of the current concept of inflation; then it analyzes the causes of inflation in China and summarizes three main causes; and the corresponding countermeasures are given for the three main causes, so as to create a good environment for the development of social economy.

KEYWORDS

Inflation, Economic Policies, China Development