PBOC Adviser urges more fiscal stimulus and consumption boost
Source Fxstreet
People’s Bank of China (PBOC) adviser Huang Yiping calls for bolder stimulus and lower inflation target.
Key quotes
Urge more fiscal stimulus and consumption boost.
Warn of "low inflation trap" risk for Chinese economy.
Suggest lowering CPI target to 2%-3% from current 3%.
Rare public critique of Beijing's conservative economic policies.
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