Reported 28 days ago
Former central bank adviser Liu Shijin emphasized the necessity of combining China's economic stimulus with reforms to achieve sustainable growth. At a forum, he advocated for funding essential sectors, particularly healthcare for migrant workers, and highlighted the importance of expanding the middle class. Liu warned against cash handouts that primarily benefit the wealthy, suggesting a comprehensive approach to tackle economic challenges, including addressing local debt and balancing urban-rural services.
Source: YAHOO