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Yicai Chief Economist Survey Rises In August

CHINA PRESS

The Yicai chief economist survey index rose to 50.69 in August as the government implemented economic support policies following July’s politburo meeting. Economists forecasted August’s CPI rate at 0.05% y/y and retail sales of consumer goods up 3.95% y/y. Wu Ge, chief economist at Changjiang Securities, said CPI could remain low in future and policymakers needed demand-side policies to establish a positive feedback loop between prices and economic growth. Another economist expected more policy support in Q4 given the need to expand domestic demand and boost confidence. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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