Top China banker makes rare admission on dire economy

Top China banker makes rare admission on dire economy Josh Xiao Singapore | Former People’s Bank of China governor Yi Gang has said his nation should focus on ending deflation, in a rare admission by a prominent figure in China that falling prices are threatening the country’s growth outlook. “I think right now they should focus on fighting deflationary pressure,” Mr Yi said at a panel discussion at a summit at the Bund in Shanghai on Friday. Loading... Bloomberg Subscribe …