PBOC adviser Huang Yiping proposes China shift fiscal stimulus focus to consumption and lower inflation target to avoid 'low inflation trap'.

PBOC adviser Huang Yiping suggests China increase fiscal stimulus, shift focus from investment to consumption, and set a lower inflation target of 2%-3% to avoid a 'low inflation trap'. This follows slower economic growth and deflationary pressures, as well as a focus on manufacturing which is propping up growth. Huang's critique represents a rare moment of criticism towards Beijing's economic policies.

August 02, 2024
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