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Economies Should Coordinate to Avoid Policy Shocks: China Off'l

MNI (Singapore)

Major economies should strengthen cooperation to avoid negative impact on each other as they unwind the ultra-loose monetary policies and fiscal stimulants in the post-pandemic era, the PBOC-run newspaper Financial News reported citing Xiao Yuanqi, vice chairman of China Banking and Insurance Regulatory Commission. Countries should also act to bring inflation back into an acceptable range, as it is likely to cause serious social unrest should the income growth fails to keep up with price gains, Xiao was cited as saying.

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