China’s monetary authority faces ongoing pressure to shore up the economy, which slowed to a near 30-years low of 6 per cent in the third quarter and is slated to drop further. Photo: Reuters

China should learn global financial crisis to combat economic slowdown, central bank says

  • People’s Bank of China pressured to cut interest rates to stabilise economic growth, but senior official says country should use ‘institutional advantages’ instead
  • Comments come days ahead of the Central Economic Work Conference, at which top officials will set the economic policy priorities for 2020
Topic |   China economy

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China’s monetary authority faces ongoing pressure to shore up the economy, which slowed to a near 30-years low of 6 per cent in the third quarter and is slated to drop further. Photo: Reuters
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Gao Shanwen, chief economist from Essence Securities, says China must address systemic risk to sustain growth above 5 per cent. Photo: Handout

China could struggle to keep growth above 4 per cent over next decade, warns prominent economist

  • Beijing must address China’s ageing population, debt levels and falling investment over the next few years to sustain growth above 5 per cent, says Gao Shanwen
  • Gao, a frequent critic of government policies, says unsustainable investment and accrued risks from stimulus policies pose threat to economy
Topic |   China economy

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Gao Shanwen, chief economist from Essence Securities, says China must address systemic risk to sustain growth above 5 per cent. Photo: Handout
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