Gao Peiyong, from the Chinese Academy of Social Sciences, says China needs to pay greater care to the side effects of its coronavirus stimulus. Photo: David Wong Gao Peiyong, from the Chinese Academy of Social Sciences, says China needs to pay greater care to the side effects of its coronavirus stimulus. Photo: David Wong
Gao Peiyong, from the Chinese Academy of Social Sciences, says China needs to pay greater care to the side effects of its coronavirus stimulus. Photo: David Wong

China needs to weigh economic ‘consequences’ of coronavirus stimulus, top Beijing researcher says

  • Gao Peiyong, vice-president at Chinese Academy of Social Sciences, says China needs to evaluate the negative impact of its coronavirus stimulus
  • China’s second quarter recovery was driven largely by local government spending, aided by debt issuance and lower lending rates

Topic |   China economy
Gao Peiyong, from the Chinese Academy of Social Sciences, says China needs to pay greater care to the side effects of its coronavirus stimulus. Photo: David Wong Gao Peiyong, from the Chinese Academy of Social Sciences, says China needs to pay greater care to the side effects of its coronavirus stimulus. Photo: David Wong
Gao Peiyong, from the Chinese Academy of Social Sciences, says China needs to pay greater care to the side effects of its coronavirus stimulus. Photo: David Wong
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