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Yi Gang: CN Econ Recovery Slow; Efforts Shall Be Made to Fight Deflation
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China should focus on ending deflation, aiming to turning the GDP deflator into positive in the next few quarters, Yi Gang, Former People's Bank of China (PBOC) Governor, said. China's economic recovery is still underway, but relatively slow, as China suffered from weak domestic demand, especially on the consumption and investment side, Yi added. Therefore, the introduction of proactive fiscal policy and accommodative monetary policy are needed. AAStocks Financial News |
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