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Analysts are closely watching out for new reforms from Beijing to address deep-seated economic imbalances. | Photo Credit: AFPSTR China should rely more on structural reforms and less on economic stimulus to drive growth this year, Liu Shijin, a policy adviser to the central bank, said on Wednesday. Mr. Liu, a member of People’s Bank…
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Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said Western countries are “increasingly in trouble” because of their materialism and “spiritual poverty.” File | Photo Credit: AP China’s economy, the world’s second-largest, is now in deep distress and…
Read More “Chinese economy in distress, its model is ‘broken’: report” »