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CHINA Must Fight Deflation Former Governor Says.

CHINA
  • 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.

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