China’s economy is in a fix, but authorities are right to resist more stimulus measures

//China’s economy is in a fix, but authorities are right to resist more stimulus measures

China’s economy is in a fix, but authorities are right to resist more stimulus measures

For four decades, China has seemed like an overly energetic start-up company. It has always had ambitious targets, from the “Four Modernisations” to “Quadrupling National Income”, and “Made in China 2025”. Now, it seems, “slogan fatigue” is setting in and officials appear to have run out of ideas.In my view, that’s not a bad thing. Indeed, it is a sign of maturity and increasing sophistication. If officials can take a back seat, the economy will be able to grow “not only at night, but also…

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By | 2019-08-14T15:00:30+00:00 August 14th, 2019|Headlines|Comments Off on China’s economy is in a fix, but authorities are right to resist more stimulus measures