The skyline of the Lujiazui financial district in Shanghai on December 16. China must not wait until its GDP growth rate falls below 6 per cent before taking more aggressive action, as it might be too late by then to avert the downward trend. Photo: AFP
Opinion
Opinion
China is risking economic stagnation with its half-hearted stimulus measures
- China must not allow its GDP growth rate to fall below 6 per cent, or the economy may be stuck on a low-growth track
- Policymakers should step up investments, splash out on needed infrastructure and be generous with both fiscal spending and monetary easing
The skyline of the Lujiazui financial district in Shanghai on December 16. China must not wait until its GDP growth rate falls below 6 per cent before taking more aggressive action, as it might be too late by then to avert the downward trend. Photo: AFP
