The Chinese government has scaled back efforts at curbing debt levels, instead turning to infrastructure investment and consumer spending as a means of encouraging growth, with the policies enjoying popular support among many scholars. Photo: Bloomberg

Chinese economic reforms are ‘the only way out’ of US trade war, says veteran government adviser

  • Li Jiange, who was secretary to former Premier Zhu Rongji, questioned Beijing’s approach to dealing with the trade war with the United States
  • He said that the stimulus measures used during the Asian and global financial crises in 1998 and 2008 are not suitable to current slowdown
Topic |   China economy

TOP PICKS

The Chinese government has scaled back efforts at curbing debt levels, instead turning to infrastructure investment and consumer spending as a means of encouraging growth, with the policies enjoying popular support among many scholars. Photo: Bloomberg
READ FULL ARTICLE
Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.