In 2020, China’s economy will probably grow by 2-2.5% – significantly better performance than the other major economies, which are facing contractions. But China still faces serious challenges, which can be addressed only by implementing a more expansionary fiscal policy in the near term....Project Syndicate
China Can Spend More to Grow More
Yu Yongding | former president of the China Society of World Economics and director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, served on the Monetary Policy Committee of the People’s Bank of China from 2004 to 2006.
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