Here Are the Options China Still Has for Stimulating Its Economy
- More government borrowing, rate cuts seen as possibilities
- Tax incentives for manufacturers could also be on the cards
This article is for subscribers only.
China should ramp up government borrowing, offer more tax breaks to businesses and keep cutting interest rates to revive the economy and stem rising unemployment.
That’s according to several government-linked economists and a respected former policymaker, who all see an increasing urgency for Beijing to take decisive action to respond to the slowing rebound with additional stimulus.