China should focus on fighting deflationary pressure, former central bank governor says
China should focus on fighting deflationary pressure, former central bank governor says
- China's policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People's Bank of China, said Friday at the Bund Summit in Shanghai.
- Yi said he expected the consumer price index to "converge above zero by the end of the year."
- "Central banks should avoid prolonged deflation even if it is mild, that could affect wage determination," Haruhiko Kuroda, former head …