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China Should Prioritise Growth By Restoring Normal Order: Advisor

CHINA PRESS
MNI (Singapore)

China's economic growth track has decelerated too fast, and the country should restore the normal life and production as soon as possible to stabilise employment, said China Economic Weekly citing Yu Yongding, former advisor to the PBOC. China should boost consumption and investment through expansionary fiscal and monetary policies, while repairing the supply chain, said Yu. Getting back to normal orders is the top priority, and higher prices can be tolerated as long as inflation is within a reasonable range, Yu was cited as saying.

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