July 20, 2020

China Economy Faces Big Hurdles, Ke Long Tells NHK World

Although the Chinese economy rebounded in the second quarter after registering −6.8% growth in January–March, Senior Fellow Ke Long says that stimulus measures and investment projects are not enough to revive an economy that is reliant on external demand.

Rising diplomatic tensions with the United States and other countries are impeding China’s recovery, which will materialize only by reviving smaller companies to promote employment and domestic demand.

Beijing, though, has done nothing to help private households, Ke said, adding that instead of decentralizing the economy, the Xi Jinping administration has sought to recentralize it.

“Expert: China May Struggle to Maintain GDP Growth,” NHK World

Profile of Senior Fellow Ke Long