Irish Times (September 10)
Some are hoping government stimulus will jumpstart the Chinese economy. “The more likely scenario is continued weak growth.” What remains to be seen is “is how quickly the government will shift away from stimulus measures to a faster fundamental overhaul of its growth strategy.” China needs to tackle “more persistent and structural growth challenges,” which have resulted from “an economic strategy that has historically over-relied on real estate, high local debt, inefficient state-owned enterprises, lower-end manufacturing, and domestic consumer internet platforms.”
Tags: Challenges, China, Economy, Government, Growth strategy, Inefficient, Jumpstart, Manufacturing, Overhaul, Persistent, Real estate, State-owned enterprises, Stimulus, Structural, Weak
