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

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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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