China Ex-Central Bank Governor Makes Rare Nod to Deflation Worry

From bnnbloomberg.ca

Former People’s Bank of China Governor Yi Gang said his nation should focus on fighting deflation, in a rare admission by a prominent figure in China that falling prices are threatening the country’s growth outlook. China should focus on fighting deflationary pressure now, Yi said at a panel discussion at the Bund Summit in Shanghai on Friday. Analysts in China have been advised to avoid discussing sensitive terms such as “deflation” or expressing views deemed overly negative for the economy. That comes as the country faces its worst deflationary streak in 14 years, putting pressure on corporate profits and ... (full story)