China says battles both inflation and deflation -FT

Newswire

SINGAPORE, Nov 26 (Reuters) - To say China's economy is overheating would be too simple a description given the deflation risk if overly strong investment produces too much spare industrial capacity, senior Beijing policymakers told the Financial Times in interviews published on Wednesday. Wu Xiaoling, vice-governor of the People's Bank of China, told the newspaper recent monetary and regulatory policies were reining in credit growth and overcapacity in targeted industries. "China is a ...

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