Can China’s stimulus blitz fix its flagging economy?
- Written by Sambit Bhattacharyya, Professor of Economics, University of Sussex Business School, University of Sussex
Pan Gongsheng, the governor of China’s central bank, announced a raft of measures on September 24 aimed at boosting the country’s flagging economy. The move, which came a week before the 75th anniversary of communist party rule, was made in response to concerns that China could miss its own 5% annual growth target.
The stimulus package...
