Happening in China - May 2016

 •  Filed under China, International economics

The Economy

China and the rest of the world

Society & Public Health

Opinions

Yu Yongding: China’s Incomplete Growth Strategy: "In the short term, when overcapacity and deflation are the main obstacles, infrastructure investment boosts growth through the economy’s demand side. In the long run, it operates through the supply side to boost productivity and thus raise growth potential. China can fund such investment with fiscal deficits, given strong demand for government bonds. And, with China’s major banks still state-owned, and capital controls still in place, the risk of an imminent financial crisis is very low."

Cultural Revolution ‘won’t’ recur - Global Times