Former PBOC Gov says China requires proactive fiscal policy, accommodative monetary

Former People’s Bank of China Governor Yi Gang

  • Overall China has weak domestic demand, especially on consumption and
    investment side
  • Hopes in near future
    china’s GDP deflator will turn slightly positive
  • Hopes producer price
    industry will improve to about zero by the end of this year
  • Should go back to
    proactive fiscal policy in China and accommodative monetary policy

This article was written by Eamonn Sheridan at www.forexlive.com. Source