Source: China – South China Morning PostChina has sufficient leeway to cope with imported inflationary shocks from Middle East instability, a monetary-policy adviser to the People’s Bank of China said, but the country must balance those pressures with economic-growth risks.
Huang Yiping, a member of the PBOC’s Monetary Policy Committee, said that China was already experiencing upwards pressure on prices.
But China’s consumer price index (CPI), a key gauge of inflation, has remained below its official target of 2 per cent in recent…Read More