China’s latest economic stimulus package is marking a critical step to restore investor confidence and promote high-quality development. The monetary part of the package features cuts in policy interest rates and the amount of cash that banks must hold as reserves. Prof. Angus Chu, Head of the Department of Economics of FSS had a radio interview with CGTN recently. He discussed about the monetary and fiscal policy stimulus package put forth by the Central Government.
To what extent will the package supercharge China’s economy? Will it also place China on the right track to fulfill its long-term goals? For details, please listen to the radio via this link.
