Ting Lu advises against common "cash handouts" proposal for China's economic slump
Nomura's Chief China Economist cites the vicious cycle of rising subsidies, advocating instead for targeted support for vulnerable groups.| www.eastisread.com
Nomura's Chief China Economist cites the vicious cycle of rising subsidies, advocating instead for targeted support for vulnerable groups.| www.eastisread.com
Local govt debt soared after 2015, surpassing the combined revenues of local govts and profits of local SOEs, necessitating a central govt bailout, said the prominent economist at Tsinghua.| www.eastisread.com
