Turmoil in the property market, a local banking crisis and drought are all weighing on the Chinese economy. Photo: AP
China dispatches ministers to oversee economic recovery as property slump, drought add to risks
- Beijing sent high-ranking officials, including central bank governor Yi Gang and several cabinet ministers, across the country to supervise stimulus policies
- The inspections were announced a day before Premier Li Keqiang rolled out 19 new support policies for the economy, worth 1 trillion yuan (US$146 billion)
Turmoil in the property market, a local banking crisis and drought are all weighing on the Chinese economy. Photo: AP
