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Opinion: China’s Damaging Policy Disruptions

2020年01月03日 19:09 来源于 财新网
Inconsistent direction and governance errors have contributed significantly to China’s economic slowdown
Far from opening the way for progress on structural reform, the Chinese government’s excessive top-down interventions are reinforcing structural imbalances.

China’s economic growth is expected to have slowed to just over 6% in 2019, and it is unlikely to accelerate any time soon. In fact, economic commentators generally agree that China’s economic performance in 2019 – the worst in nearly 30 years – could be its best for at least the next decade. What observers can’t seem to agree on is how worried China should be, or what policymakers can do to improve growth prospects.

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