Thank you. I always appreciate reading your comments on China’s policies.
Hope China’s policy makers eventually fix the social welfare and pension system to make it more equitable, and work out a better way to fund local government spending while managing moral hazard.
Perhaps in a future article, you might consider whether China’s economy has been suffering from a kind of liquidity trap and significant “shock and awe” levels of government spending (whether consumption or investment) is needed.
Thanks for the comments and suggestion. Almost two years ago I were with confidence that China is not Japan post bubble. I still believe the difference is considerable, but would need to revisit your question some time soon.
Thank you. I always appreciate reading your comments on China’s policies.
Hope China’s policy makers eventually fix the social welfare and pension system to make it more equitable, and work out a better way to fund local government spending while managing moral hazard.
Perhaps in a future article, you might consider whether China’s economy has been suffering from a kind of liquidity trap and significant “shock and awe” levels of government spending (whether consumption or investment) is needed.
Thanks for the comments and suggestion. Almost two years ago I were with confidence that China is not Japan post bubble. I still believe the difference is considerable, but would need to revisit your question some time soon.