Chinese policymakers must address a flawed financing structure.
When China’s GDP growth is below target, successive governments have relied on the same tool: government spending on infrastructure investment to stimulate the economy. But the success of fiscal stimulus requires getting the details of implementation right.
Two challenges stand out. The first is financing. While Chinese policymakers rely on fiscal spending to help achieve the official growth target, they are uneasy about the central government’s rising leverage ratio a
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Washington’s $370 billion Inflation Reduction Act was seen as a generational opportunity for miners in the U.S. as well as mineral rich trading partners. But almost two years later, the North American mining industry is in crisis and no closer to chipping away at China's dominance. What went wrong?
The academic explains why we need to look beyond the actions of the Chinese government to understand how and why China is shaping countries in the region.
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