A woman walks past a Tiffany’s store at a shopping centre in Beijing. As global economic conditions worsen, China’s policymakers should encourage consumer spending. Photo: AP
David Brown
Opinion

Opinion

Macroscope by David Brown

US Fed set to lead the way on lower interest rates, and China can benefit from another cut

  • As global economic conditions grow more worrisome, China should lower interest rates and ramp up spending in key areas such as health, welfare and pensions, thus motivating citizens to save less and get the consumer-driven economy moving

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A woman walks past a Tiffany’s store at a shopping centre in Beijing. As global economic conditions worsen, China’s policymakers should encourage consumer spending. Photo: AP
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