News: China Should Focus on Fighting Deflationary Pressure, Says Former Central Bank Governor
Thursday, 5 September 2024, 23:59
China's policymakers face the urgent need to boost domestic demand to tackle deflationary pressures according to Yi Gang, the former head of the People’s Bank of China. Addressing attendees at the Bund Summit in Shanghai, he highlighted the significance of revitalizing consumer spending as a catalyst for growth. The emphasis on domestic demand reflects a strategic pivot essential for China's economic recovery.
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