China’s economy is under pressure from the US trade war and structural issues, with the expectation that Beijing will enact further stimulus this year. Photo: Reuters
China’s economy is under pressure from the US trade war and structural issues, with the expectation that Beijing will enact further stimulus this year. Photo: Reuters

China will not turn to global financial crisis stimulus playbook to offset US trade war, says Beijing adviser

  • Liu Shangxi, the head of the Chinese Academy of Fiscal Sciences, says Beijing will rely on tax reductions and budget management reform
  • US$580 billion stimulus package used in 2008 after the Lehman Brothers bankruptcy will not help China’s weakening economy, he says

China’s economy is under pressure from the US trade war and structural issues, with the expectation that Beijing will enact further stimulus this year. Photo: Reuters
China’s economy is under pressure from the US trade war and structural issues, with the expectation that Beijing will enact further stimulus this year. Photo: Reuters
READ FULL ARTICLE