China better be prepared for US 'no-landing'

The assumption of a "soft landing "for the United States economy is a critical premise in China's economic situation assessment and policy decision-making this year. However, as the US' first quarter consumer price index and personal consumption expenditure data have exceeded expectations, which still indicates the possibility of inflation, coupled with a persistently tight labor market, the probability of a "no landing" scenario for the US economy has increased, giving rise to worldwide concerns.