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China Should Add Asset Prices to Inflation: Ex-PBOC Off'l

CHINA PRESS
MNI (Sydney)

China should include asset prices when considering its inflation levels, as the CPI and PPI may not reflect the whole picture of the economy and the well-being of residents, said Xu Zhong, former director of the Research Bureau of the People's Bank of China in a blog post published by China Finance 40. Higher asset prices and valuations could mean the future investment income of pensions may not be high and more pensions may need to be paid today, Xu said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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