China sees policy divide as growth slows
Economists are polarising into those calling for more stimulus and a rival camp emphasising structural reforms
Beijing
WITH China's economic growth heading for a quarter-century low, think tanks and advisers to the government are polarising into those calling for more stimulus to arrest the slowdown and a rival camp emphasising structural reforms as the route to sustainable growth.
The debate among the think tanks, which influence decision making, but do not wield direct power, is reflected in the ambivalent mood music coming from China's leaders, who accept the need to adapt to a "new normal" of slower but better quality growth, while fretting that a deeper downturn could fuel debt defaults, unemployment and social unrest.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Diamond giant De Beers is in the shop window, but the potential buyers are few
Any pivot on rates by Fed will mean more blood in stock markets