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
G. Bin Zhao
Opinion

Opinion

G. Bin Zhao

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

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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
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