Chinese Premier Li Keqiang delivers the government work report at the opening session of the National People's Congress in Beijing on March 5. Photo: Reuters
Opinion
Opinion
Can China boost short-term growth while maintaining long-term prospects? Li Keqiang may have the blueprint
- By lowering expectations slightly, promising enough reforms to satisfy the US and enough stimulus to stave off a major slowdown, China’s 2019 plans walk a thin – but important – line
Chinese Premier Li Keqiang delivers the government work report at the opening session of the National People's Congress in Beijing on March 5. Photo: Reuters
US trade negotiators’ insistence on a strong yuan would, if accepted, strip Beijing of options in the event of a slowdown. Photo: AFP
Opinion
Opinion
Macroscope
China should be free to let its currency function as a safety valve, regardless of what US trade negotiators want
- Major economies around the world, from Canada and Japan to the euro zone and Australia, reserve the right to let their currencies depreciate if conditions weaken. Beijing should not give up its right to do the same as part of any trade war settlement
US trade negotiators’ insistence on a strong yuan would, if accepted, strip Beijing of options in the event of a slowdown. Photo: AFP