New cars sit at the automobile terminal in the port of Dalian, Liaoning province, on October 18. China’s auto industry has been one of the hardest hit by the country’s slowdown in 2019. Photo: Reuters
Opinion
Opinion
Macroscope
How China can avoid 2 per cent growth nightmare: cut interest rates, expand money supply and ramp up deficit spending
- David Brown says Beijing must start treating the unthinkable – economic growth slumping to just 2 per cent – as entirely possible and implement a huge stimulus programme to stop the rot
New cars sit at the automobile terminal in the port of Dalian, Liaoning province, on October 18. China’s auto industry has been one of the hardest hit by the country’s slowdown in 2019. Photo: Reuters