Credit Suisse's Jack Siu says China CPI is likely to remain below 3%

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Credit Suisse's Jack Siu says China CPI is likely to remain below 3%

Jack Siu of Credit Suisse said that inflation was expected to stay below the 3% level in the next 12 to 18 months.

Siu said that we don't think CPI is an issue in China and will remain in the range of 1% to 3% in the foreseeable future. He said that the country's central bank was comfortable with this range.

Concerning the vaccination rate in China, Siu said the vaccination rate of a booster dose in people over the age of 60 was around 68.7% at the end of November. There will be a campaign to boost the vaccination rate.

He stated that there are several countries around the world that haven't reached this vaccination rate for booster doses, but are still open.

A very disruptive transition from zero-COVID policy is likely to take place in the next couple of months and a consumption boom is expected after people return to their hometowns for the Chinese New Year after three years, according to Siu.

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