Former PBOC Gov says China requires proactive fiscal policy, accommodative monetary

  • People's Bank of China

Former People's Bank of China Governor Yi Gang

  • Overall China has weak domestic demand, especially on consumption and investment side
  • Hopes in near future china's GDP deflator will turn slightly positive
  • Hopes producer price industry will improve to about zero by the end of this year
  • Should go back to proactive fiscal policy in China and accommodative monetary policy
People's Bank of China Governor Yi Gang spoke over the weekend.

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