Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

China Should Accept Higher Inflation-Yu Yongding

CHINA PRESS
MNI (Singapore)

China should continue with expansionary fiscal and monetary policies even as inflation rises to maintain relatively high economic growth to address the unemployment issue, wrote Yu Yongding, former advisor to the People’s Bank of China in an article published on the WeChat account of China Finance 40 Forum. Inflation is very likely to rise as demand rebounds and the pandemic eases. The rising pork price cycle may also come into play, said Yu. China should tolerate a higher inflation rate, though it is more of a social and political issue rather than an economic one, said Yu, without specifying the possible ceiling.

102 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

China should continue with expansionary fiscal and monetary policies even as inflation rises to maintain relatively high economic growth to address the unemployment issue, wrote Yu Yongding, former advisor to the People’s Bank of China in an article published on the WeChat account of China Finance 40 Forum. Inflation is very likely to rise as demand rebounds and the pandemic eases. The rising pork price cycle may also come into play, said Yu. China should tolerate a higher inflation rate, though it is more of a social and political issue rather than an economic one, said Yu, without specifying the possible ceiling.