A giant screen in Beijing shows President Xi Jinping during the closing session of the National People’s Congress on May 28. Photo: AFP A giant screen in Beijing shows President Xi Jinping during the closing session of the National People’s Congress on May 28. Photo: AFP
A giant screen in Beijing shows President Xi Jinping during the closing session of the National People’s Congress on May 28. Photo: AFP
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

China’s clear message: jobs and stability now take the lead in economic growth

  • Growth is now a consequence of economic and social stability rather than other way around. Still, given the proposed budget deficit and stated aims to create and preserve jobs, China’s economy needs to grow at least 2 per cent
  • Growth may return as early as the second quarter but, if needed, China has left policy room for further easing and stimulus

A giant screen in Beijing shows President Xi Jinping during the closing session of the National People’s Congress on May 28. Photo: AFP A giant screen in Beijing shows President Xi Jinping during the closing session of the National People’s Congress on May 28. Photo: AFP
A giant screen in Beijing shows President Xi Jinping during the closing session of the National People’s Congress on May 28. Photo: AFP
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