D and theG_Avoiding the Dreaded ‘D’

  The central bank officials who rackedtheir brains months ago about howto curb inflation are now exertingthemselves to overcome deflation.The monetary policy report for the thirdquarter released on November 17 by thePeople"s Bank of China (PBC), the country"scentral bank, indicates that the current mon-etary policy aims to prevent deflation in thenear term.