Date
23 October 2017

Trouble ahead for China economy, paper says

China’s economy will run into chronic problems this year brought on by the decades-old state-dominated economic growth model, the China Securities Journal reported Tuesday, citing Wu Jinglian, senior research associate of the State Council’s Development Research Center. Wu has called for more practical and effective measures to speed up economic reforms, and to enable the market to play a decisive role in the distribution of resources, the report said. He was also quoted as saying that property prices will continue to rise if the central bank prints more money.

– Contact HKEJ at [email protected]

KZ/AC/SK

 

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