PBOC’s Yi sees China's 2021 consumer inflation below 2%

Dhwani Mehta FXStreet

The People Bank of China’s (PBOC) Governor Yi Gang said on Thursday that he expects China's 2021 consumer inflation below 2%.

Additional comments

Potential economic growth in China will slow.

Expects China GDP expansion to be close to its potential growth rate

China's economic growth model by investment in capital and labor will be hard to maintain amid aging population trend.

Monetary policy should focus on the impact from structural changes on prices.

Aging society helping to slow inflation.

Will keep the yuan exchange rate basically stable.

China / US Commerce heads agree to manage differences properly and agree to push forward with trade / investment

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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