Illustration: Craig Stephens
Andy Xie
Opinion

Opinion

Andy Xie

As the trade war reduces China’s US exports, structural reforms – not inflating away debt – are the right response to economic disengagement

  • Beijing should avoid responding to lost exports to the US by taking the easy route and boosting credit supply, as this would only benefit elite owners of highly leveraged assets and ignore China’s already massive property bubble

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Illustration: Craig Stephens
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