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 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
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
David Brown
Opinion

Opinion

Macroscope by David Brown

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 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
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
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David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.