Yi Gang, the governor of the People’s Bank of China (PBOC), said China’s inflation was at a moderate level. Photo: EPA-EFE

China’s central bank hints at possibility of higher 2020 inflation target for more monetary leeway

  • Central bank governor Yi Gang said in a signed article that inflation targets at 4 per cent or higher were appropriate for developing countries
  • Soaring pork prices are putting significant upwards pressure on China’s 3 per cent inflation target for this year
Topic |   China economy

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Yi Gang, the governor of the People’s Bank of China (PBOC), said China’s inflation was at a moderate level. Photo: EPA-EFE
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China’s monetary authority faces ongoing pressure to shore up the economy, which slowed to a near 30-years low of 6 per cent in the third quarter and is slated to drop further. Photo: Reuters

China should learn global financial crisis to combat economic slowdown, central bank says

  • People’s Bank of China pressured to cut interest rates to stabilise economic growth, but senior official says country should use ‘institutional advantages’ instead
  • Comments come days ahead of the Central Economic Work Conference, at which top officials will set the economic policy priorities for 2020
Topic |   China economy

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China’s monetary authority faces ongoing pressure to shore up the economy, which slowed to a near 30-years low of 6 per cent in the third quarter and is slated to drop further. Photo: Reuters
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