Xiao Gang oversaw China’s trillion-dollar stock market for three years until early 2016. Photo: Xinhua

China’s ‘most hated’ ex-regulator warns that government intervention creates stock boom-to-bust cycles

  • Xiao Gang, who oversaw China’s stock markets during the 2015 crash, stresses need to rectify authorities’ ‘fatherly love’ type of supervision
  • He says previous loosening measures to boost growth have resulted in market bubbles, amid Beijing’s increasingly pro-growth policy to arrest a slowing economy
Topic |   China economy

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Xiao Gang oversaw China’s trillion-dollar stock market for three years until early 2016. Photo: Xinhua
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In 2018, China reported a growth rate of 6.6 per cent with a nominal GDP size of 90 trillion yuan (US$13 trillion). Photo: AFP

China can handle much slower GDP growth rate and still create enough jobs, government economists say

  • The headline gross domestic product (GDP) growth rate slowed to 6.2 per cent in the second quarter of 2019, the lowest figure since records began in March 1992
  • Risks are growing that it could slip below 6.0 per cent next year which would fall outside of the government’s target range of between 6 and 6.5 per cent for 2019
Topic |   China economy

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In 2018, China reported a growth rate of 6.6 per cent with a nominal GDP size of 90 trillion yuan (US$13 trillion). Photo: AFP
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