Ex-PBOC’ Yu: China should implement stronger fiscal stimulus

In an interview with MNI, Yu Yongding, a former member of the Monetary Policy Committee of the Chinese central bank, PBOC, notes that China needs fiscal stimulus in a bid to spur the ailing economy.

Key Quotes:

China should implement stronger fiscal stimulus

This would help the economy ward off the threat of a hard landing

The threat has been induced by the negative impact of deflation on profitability and investment