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China is concerned about inflation – but it’s not the top priority

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A man wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020.

Jason Lee | Reuters

BEIJING — While investors around the world fret over inflation, China’s central bank has more problems than rising prices to worry about.

Central banks worldwide have kept monetary policies easy and interest rates lower in a bid to support growth in the wake of the coronavirus pandemic last year, and China is no exception.

Now as consumer and producer prices climb, investors are on edge as they try to discern if central banks will be raising interest rates.

But the People’s Bank…



Source cnbc.com

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