Former PBoC Governor Yi Gang urges stronger anti-deflation and domestic demand measures at Shanghai's Bund Summit.
Former People's Bank of China Governor Yi Gang has called for increased efforts to combat deflation and boost domestic demand to stimulate economic growth. At the Bund Summit in Shanghai, he emphasized the need for proactive fiscal and accommodative monetary policies. Yi expects the consumer price index to rise above zero by year-end amid ongoing challenges in the housing market and weak consumer sentiment, despite government attempts to bolster real estate.
September 06, 2024
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