Hitting inflation target is key to China’s other economic goals, adviser says

Zhang Bin, deputy director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, stated that achieving China's 2% inflation target is crucial for other economic goals like boosting consumption, raising incomes, and meeting growth targets. He believes this target represents a state of relative equilibrium between supply and demand. The two-session meetings, which are held annually in Beijing, provide insight into the country's policy direction.