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Zhou Xiaochuan: Needs to Study Asset Prices' Inclusion to Inflation Considerations
Former PBoC governor Zhou Xiaochuan opined in his article that it is impossible to consider prices of investments and assets separately at this stage. Asset prices not only affect ...
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Zhou Xiaochuan: Needs to Study Asset Prices' Inclusion to Inflation Considerations
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2020/11/27 10:24
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Former PBoC governor Zhou Xiaochuan opined in his article that it is impossible to consider prices of investments and assets separately at this stage.

Asset prices not only affect companies' expansion of reproduction, but also impact public spending concerning infrastructure facilities and environmental protection. Hence, asset prices must be factored in when considering inflation. However, Zhou is still thinking ways to include asset prices therein.
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