- Liu Guiping, deputy governor of the People’s Bank of China, spoke to the Global Asset Management Forum in Beijing on Saturday.
Highlighted a number of concerns:
- Covid-19 has sped up the shift in the global distribution of production … In addition to the influence of geopolitical contests, China’s industrial sectors are facing double pressure – industries moving into Southeast Asia and back to developed countries
- Chip shortages and supply chain stoppages threaten supply chain security and competitiveness
- increasingly unpredictable course of the Covid-19 pandemic
- rising inflation and tightening monetary policies
- growing anti-globalisation and nationalist sentiment that could have an impact on international trade
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