Comments from a former PBOC Monetary Policy Committee member Yu Yongding
- most pressing issue is to halt the further decline in economic growth
- by adopting expansionary fiscal policy and moderately loose monetary policy
- "Currently China's inflation rate is only about 2%, and the economic growth rate continues to decline"
- "The ratio of China's deficit-to-GDP ratio may exceed 3% in the future, and this is not an untouchable level"
