“…These macro indicators have shown that although China's monetary policy has continued to ease in order to stimulate the economy through the trough of the pandemic (Agur et al, 2019), the newly added money has clearly occurred in the financial sector idle phenomenon (Boateng et al, 2022), this monetary trap, if not broken in time, will only increase the overall social CPI, intensify the gap between the rich and poor, further damage the real economy, and fall into a vicious circle (Prasad, 2021). So our government in 2022 with unprecedented strength and tools to curb the rate of CPI rise, the latest CPI data is 1.6% (see Figure 3) (the CPI of major countries in Europe and the United States in the same period are above 5% (Hall et al, 2023), and even some months touched 10%) (Calinescu et al, 2023), the most typical is the price of pork occurred in a roller coaster of ups and downs, the pork cycle and debt cycle have occurred more obvious deformation leveling. These joint efforts of the official and society as a whole are aimed at providing the necessary prerequisites and pavement for a more accommodative monetary and fiscal policy in 2023 (Cai & Zhang, 2022).…”