China Should Raise Social Security - Yicai

China should raise the level of social security to promote the economy, according to a Yicai editorial. The government should invest more fiscal resources in healthcare and education, unburdening households and giving them more freedom to participate in the economy. Regulators must prioritise the construction of a unified national market and create a business environment to empower entrepreneurs. Authorities in Beijing had hoped recent strong growth in broad money supply would support the real economy, however Yicai noted tepid inflation data in March indicated this had not happened.