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It is imperative that China’s leaders address financial-system vulnerabilities, especially the corporate sector’s high leverage ratio. But it is even more important that they take action to counter a persistent slowdown in economic growth.Posted on account of the author, one of the few genuine experts on the Chinese economy writing in English. Numbers.Project SyndicateChina Must Restore GrowthYu Yongding, a former president of the China Society of World Economics and director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, and a member of the Monetary Policy Committee of the People’s Bank of China from 2004 to 2006
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It is imperative that China’s leaders address financial-system vulnerabilities, especially the corporate sector’s high leverage ratio. But it is even more important that they take action to counter a persistent slowdown in economic growth.Posted on account of the author, one of the few genuine experts on the Chinese economy writing in English. Numbers.Project SyndicateChina Must Restore GrowthYu Yongding, a former president of the China Society of World Economics and director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, and a member of the Monetary Policy Committee of the People’s Bank of China from 2004 to 2006
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It is imperative that China’s leaders address financial-system vulnerabilities, especially the corporate sector’s high leverage ratio. But it is even more important that they take action to counter a persistent slowdown in economic growth.Posted on account of the author, one of the few genuine experts on the Chinese economy writing in English. Numbers.
Project Syndicate
China Must Restore Growth
Yu Yongding, a former president of the China Society of World Economics and director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, and a member of the Monetary Policy Committee of the People’s Bank of China from 2004 to 2006