Yi Gang was governor of the People's Bank of China from 2018 to 2023.
He is pictured here speaking at the Peterson Institute for International Economics in Washington, DC, US, on Saturday, April 15, 2023.
SHANGHAI — China's policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People's Bank of China, said Friday at the Bund Summit in Shanghai.
"At this point, proactive fiscal policy and accommodative monetary policy are important," he said.
In contrast to high inflation in the U.S. and Europe, China's consumer prices fell in 2023 and have only picked up marginally so far this year as domestic demand remains lackluster.
Persons:
Yi Gang, Yi
Organizations:
People's Bank of, Peterson Institute for International Economics, Bund, Reuters
Locations:
People's Bank of China, Washington , DC, SHANGHAI, Shanghai, U.S, Europe