- April 24, 2022
- Posted by: Stratford Team
- Category: Economy
Illustration: Chen Xia/GT
Facing mounting headwinds to stabilize economic growth, China still has space to ramp up policy support, fiscal stimulus in particular, to fire up economic activity by stimulating market demand and supply, which has shown clear signs of weakness recently.
To work in tandem, the country needs to remove a lingering dilemma surrounding control of the COVID-19 pandemic. A balance between coronavirus suppression and economic development ought to be struck, promptly, as the highly infectious but less lethal Omicron variant keeps spreading sporadically around the country.
Currently, it is necessary for the government to crack a hard nut for the purpose of bolstering public morale and business confidence, by taking immediate and effective measures to drastically bring down coronavirus infections in Shanghai, the largest and most important industrial hub in China. The city of 25 million has been locked down for nearly four weeks now,…
