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China Can Avoid Japanification - Expert

CHINA PRESS

China can avoid a Japan-style balance-sheet recession by developing new growth drivers, according to Liu Shijin, former deputy director at the Development Research Center of the State Council. Speaking at the Bund Financial Summit, Liu said policymakers should implement supply-side measures to upgrade the value chain of existing industries and develop future industries driven by new technology. Entrepreneurs hold the key to innovation and China should boost the private sector by correcting ownership discrimination between state-owned and private enterprises, and allow platform companies, and large-scale tech companies to make bold investments. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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