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Tag: Chinese economy

China central bank adviser urges structural reforms to spur growth

Posted on March 14, 2024 By admin
China central bank adviser urges structural reforms to spur growth

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 economy in distress, its model is ‘broken’: report

Posted on August 21, 2023 By admin
Chinese economy in distress, its model is ‘broken’: report

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…

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