Beijing must decide whether further stimulus measures are worth the financial risk, as domestic debt mounts. Illustration: Brian Wang
China’s ‘two sessions’: leaders must decide whether to scale back economic stimulus as debt risks loom
- World’s second-largest economy rolled out huge economic relief last year, but domestic debt and ‘grey rhino’ risks could threaten China’s financial system
- China is expected to set an economic growth target of about 6 per cent for 2021, but some say it should skip setting a numeric goal for second consecutive year
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Beijing must decide whether further stimulus measures are worth the financial risk, as domestic debt mounts. Illustration: Brian Wang