People walk past a shopping centre in Beijing on September 29. The government must step back from economic overreach to allow investor confidence to return and the most dynamic companies to thrive. Photo: AP
Opinion
Opinion
Macroscope
How Beijing’s overmanagement is doing China’s economy and businesses more harm than good
- Disruptive policies in environmental regulation and debt management, for example, hurt investor confidence, stymie reforms and contribute to China’s economic slowdown. For long-term stable growth, Beijing needs to get out of its own way
People walk past a shopping centre in Beijing on September 29. The government must step back from economic overreach to allow investor confidence to return and the most dynamic companies to thrive. Photo: AP