China needs deeper structural reforms: OECD
While its stimulus is working, too much effort is being directed at state-owned firms; more fiscal reforms needed
Add BT as a preferred source
Beijing
CHINA'S current fiscal policies to support the slowing economy have been effective in avoiding a sharp drop of activity and ensuring fiscal stability, but structural challenges remain, the Organisation for Economic Cooperation and Development (OECD) said in its latest China report.
"We are seeing continual growth in an environment of fiscal stability" said Ludger Schuknecht, deputy secretary-general of the organisation during a presentation of the report to the press, the sixth of its kind.
TRENDING NOW
1 in 5 fresh graduates from autonomous universities still seeking employment: MOM
Can Seatrium build on its robust H1 earnings? UOBKH and DBS analysts have divided views
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
UOB to sell asset management arm to Allianz Global Investors for S$555 million, sharpen wealth advisory focus
