Yu Yongding’s comment is one side of an ongoing debate on whether China should enact a new round of economic stimulus measures immediately, or wait to ensure that the coronavirus outbreak is fully contained. Photo: Bloomberg
Yu Yongding’s comment is one side of an ongoing debate on whether China should enact a new round of economic stimulus measures immediately, or wait to ensure that the coronavirus outbreak is fully contained. Photo: Bloomberg

Coronavirus: China should avoid ‘bazooka’ efforts to rescue economy, warns top economist Yu Yongding

  • China has so far resisted in making major moves to offset the impact of Covid-19 in contrast to Europe and the United States
  • G20 leaders will hold a virtual meeting next week to put forward a coordinated set of policies in response to the global outbreak and its human and economic impact

Yu Yongding’s comment is one side of an ongoing debate on whether China should enact a new round of economic stimulus measures immediately, or wait to ensure that the coronavirus outbreak is fully contained. Photo: Bloomberg
Yu Yongding’s comment is one side of an ongoing debate on whether China should enact a new round of economic stimulus measures immediately, or wait to ensure that the coronavirus outbreak is fully contained. Photo: Bloomberg
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