China should emphasise stabilising growth by restoring normal order, according to an ex-PBOC adviser.

The Economic Weekly reported, quoting Yu Yongding, a former advisor to the People’s Bank of China (PBOC), said, "China’s fiscal and economic growth has slowed down rapidly and the country should focus on bringing back normal life and production as so

May 23, 2022 - 11:47 AM 325 views

China should emphasise stabilising growth by restoring normal order, according to an ex-PBOC adviser.

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© China should emphasise stabilising growth by restoring normal order, according to an ex-PBOC adviser.

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The Economic Weekly reported, quoting Yu Yongding, a former advisor to the People’s Bank of China (PBOC), said, "China’s fiscal and economic growth has slowed down rapidly and the country should focus on bringing back normal life and production as soon as possible in order to stabilise employment."

Important Quotes

China should focus on improving consumption and investment through expansionary financial and monetary policies while also focusing on improving the supply chain system.

China’s top priority is to get back to normal, and they can bear the rising costs as long as the inflation rate is within the limit.

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