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Macro Policies Needed To Avoid Japanification

CHINA PRESS
MNI (BEIJING)

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)

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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)