Gelonhui September 6 ｜ Former Chinese President Yi Gang said that China faces the problem of weak domestic demand, especially in terms of consumption and investment.
Yi Gang stated at the Shanghai Bund Financial Summit that China should now focus on the pressure of contraction, also known as the extensive price measurement indicator for several consecutive seasons.The GDP flat reduction index turns right.
He pointed out that the Chinese economy is still recovering, but it is relatively slow. It is hoped that the Chinese producer price index (PPI) can become about zero before the end of this year, and emphasize that it is necessary to adopt positive fiscal policies and stable monetary policy to support growth.Essence
Yi Gang: China should focus on the tightness of the deflation
The former president of the People's Bank of China, Yi Gang, believes that China should focus on the tightening of currency.
According to Bloomberg, Yi Gang said on the Bund Financial Summit on Friday (September 6) that China should now focus on the pressure of deflation. China should immediately pay attentionFor positive value.He pointed out that local broad price measurement indicators have been negative for several consecutive quarters.Bloomberg said that this is a rare person in China that rarely acknowledged that the price decline was threatening China's growth prospect.Chinese analysts have been told to avoid discussing sensitive terms such as "currency tightness", or expressing too pessimistic views on the economy.
On the other hand, Zou Lan, director of the Monetary Policy Department of the People's Bank of China on Thursday (5th), previewed that there is still some room for reduction.According to the records provided by China Network, Zou Lan said at a press conference that day: "The policy effect of the reduction in the standard at the beginning of the year is still continuously appearing. At presentThere is a space P>
