China's top economist calls for higher inflation to spur growth

HONG KONG -- China should increase the intensity of its macroeconomic policies and stick to an inflation goal of 2% to 3%, an adviser to the central bank has argued, echoing calls by experts for more stimulus to prop up demand.

Huang Yiping, a member of the People's Bank of China's monetary policy committee, made a carefully worded assessment of the country's economic policy with an appeal for a greater emphasis on spurring consumption. Public rebuttals against the government are usually avoided in the communist state.