- Comments by former Governor Yi Gang are a stark reminder of the challenges facing China at present.
- Ahead of next week’s PPI and CPI, the former Governor said during a panel discussion that ‘fighting deflationary pressures’ should be the focus of policymakers.
- “China’s immediate focus should be to turn it’s GDP deflator positive” he said at the Bund Summit in Shanghai today.
- Policymakers have highlighted the decline in yields as one of the a battlegrounds in the fight against deflation, yet stopping yields falling may not arrest the underlying reason for the decline in prices.
CHINA: CHINA Must Fight Deflation Former Governor Says.
Last updated at:Sep-06 04:18By: Jamie Grant
markets-real-time
- Comments by former Governor Yi Gang are a stark reminder of the challenges facing China at present.
- Ahead of next week’s PPI and CPI, the former Governor said during a panel discussion that ‘fighting deflationary pressures’ should be the focus of policymakers.
- “China’s immediate focus should be to turn it’s GDP deflator positive” he said at the Bund Summit in Shanghai today.
- Policymakers have highlighted the decline in yields as one of the a battlegrounds in the fight against deflation, yet stopping yields falling may not arrest the underlying reason for the decline in prices.
