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
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

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
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
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