On the Record

Appreciation, Inflation, and China’s Competitiveness

In this panel discussion, Geng Xiao argues that China’s inflation must be viewed not just as a current monetary issue, but rather as a part of the country’s long-term economic development.

China’s current levels of inflation are healthy and should in time be matched by appreciation against foreign currencies. To ensure this transition, China needs to minimize its financial risks by developing Shanghai into a world-class financial center and not rely exclusively on Hong Kong.

Read the full interview in Chinese >>

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