April 25, 2024 01:52 GMT
Macro Policies Needed To Avoid Japanification
CHINA PRESS
MNI (BEIJING)
Metals bulletEM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets
Authorities should implement proactive policy support to manage China's structural transformation and avoid “Japanification”, Hui Ouyang, distinguished dean of finance at the Cheung Kong Graduate School of Business said. Hui noted Japan entered stagnation due to the government's insufficient response to a cyclical recession, and Chinese authorities needed to take stronger action to handle non-performing assets and resolve real estate and local debt risks. (Source: Yicai)
66 words