A customer at a supermarket in Handan, in China’s Hebei province. While US or European central banks might run short of viable options to rejig recovery, Beijing still has plenty of room for manoeuvre on the interest rate and monetary fronts and shouldn’t be shy about using them to full effect. Photo: Reuters A customer at a supermarket in Handan, in China’s Hebei province. While US or European central banks might run short of viable options to rejig recovery, Beijing still has plenty of room for manoeuvre on the interest rate and monetary fronts and shouldn’t be shy about using them to full effect. Photo: Reuters
A customer at a supermarket in Handan, in China’s Hebei province. While US or European central banks might run short of viable options to rejig recovery, Beijing still has plenty of room for manoeuvre on the interest rate and monetary fronts and shouldn’t be shy about using them to full effect. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

Three ways China can use policy freedoms to shore up its economy and lead the world out of the mess

  • China is in a better position than rivals like the US, Europe or Japan to fend off the looming storm of a global recession
  • Options are to strike a face-saving US trade deal, devalue its currency and offer cheap loans at home. Beijing must use them all

David Brown
David Brown

Updated: 1:18am, 20 Aug, 2019

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A customer at a supermarket in Handan, in China’s Hebei province. While US or European central banks might run short of viable options to rejig recovery, Beijing still has plenty of room for manoeuvre on the interest rate and monetary fronts and shouldn’t be shy about using them to full effect. Photo: Reuters A customer at a supermarket in Handan, in China’s Hebei province. While US or European central banks might run short of viable options to rejig recovery, Beijing still has plenty of room for manoeuvre on the interest rate and monetary fronts and shouldn’t be shy about using them to full effect. Photo: Reuters
A customer at a supermarket in Handan, in China’s Hebei province. While US or European central banks might run short of viable options to rejig recovery, Beijing still has plenty of room for manoeuvre on the interest rate and monetary fronts and shouldn’t be shy about using them to full effect. Photo: Reuters
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