China Urged to Weigh 2008-Style Mega Stimulus by Ex-PBOC Adviser

China should let investment play a larger role in boosting the economy, a former central bank adviser said, breaking with the views of other prominent analysts by arguing in favor of a big infrastructure construction push.

While China’s policies are increasingly focused on promoting consumption-led growth, Yu Yongding is instead calling for a massive investment program in the next five-year planning period starting from 2026 with the goal of reviving domestic demand.