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Zhou Warns of Stimulus Cost; Xi Urges Cooperation: Boao Update

Xi Jinping gives an address during the Boao Forum for Asia Annual Conference 2021 in Hainan province, China, on April 20.

Xi Jinping gives an address during the Boao Forum for Asia Annual Conference 2021 in Hainan province, China, on April 20.

Source: AFP/Getty Images

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China’s annual Boao Forum entered its last day, with former central bank governor Zhou Xiaochuan warning of inflation risks caused by global stimulus policies adopted during the Covid-19 pandemic.

Chinese government officials and business leaders are gathered this week on the tropical island province of Hainan for the forum, with discussions encompassing topics from digital currencies to carbon neutrality and the economic outlook for a post-pandemic world. Billed as an Asian version of the World Economic Forum, the event kicked off Sunday and is slated to run through Wednesday.