Scooters are parked near the new Tesla factory in Shanghai. The Chinese economy has slowed but Beijing has the power to kick-start a virtuous cycle of growth and development. Photo: AFP Scooters are parked near the new Tesla factory in Shanghai. The Chinese economy has slowed but Beijing has the power to kick-start a virtuous cycle of growth and development. Photo: AFP
Scooters are parked near the new Tesla factory in Shanghai. The Chinese economy has slowed but Beijing has the power to kick-start a virtuous cycle of growth and development. Photo: AFP
Yu Yongding
Opinion

Opinion

Macroscope by Yu Yongding

The naysayers are wrong about China’s economy. It really is capable of growing much faster

  • Many Chinese economists oppose monetary and fiscal stimulus, citing factors like population ageing. But their arguments are far weaker than the case for expansion: whatever the economy’s potential, China is performing below it

Scooters are parked near the new Tesla factory in Shanghai. The Chinese economy has slowed but Beijing has the power to kick-start a virtuous cycle of growth and development. Photo: AFP Scooters are parked near the new Tesla factory in Shanghai. The Chinese economy has slowed but Beijing has the power to kick-start a virtuous cycle of growth and development. Photo: AFP
Scooters are parked near the new Tesla factory in Shanghai. The Chinese economy has slowed but Beijing has the power to kick-start a virtuous cycle of growth and development. Photo: AFP
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