PBOC adviser calls for bolder stimulus, lower inflation target ...Middle East

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PBOC adviser calls for bolder stimulus, lower inflation target
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PBOC adviser Huang Yiping has made a break from the usual restrained tone at the upper echelons of Chinese authority, with a call for bolder stimulus and a lower inflation targetUrges more fiscal stimulus and consumption boostWarns of "low inflation trap" risk for Chinese economySuggests lowering CPI target to 2%-3% from current 3%Rare public critique of Beijing's conservative economic policiesThe info comes via Bloomberg (gtaed). Huang argues for a significant shift in China's economic policy approachthe government needs to step up fiscal stimulus and focus more on boosting consumption to avoid a "low inflation trap".Key points:Current policies too focused on investment, neglecting consumpt

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