China post-coronavirus recovery must be ‘effective and sustainable’, with an eye on quality long-term risks
China’s fiscal policy is at a turning point and Beijing must shift focus to long-term development, such as enhancing human capital to boost international competitiveness, rather than prioritising short-term growth, the country’s top think tank said on Wednesday.The Chinese Academy of Social Sciences (CASS) said in its “blue book” report on the economy that authorities should give more weight to medium and long-term goals, while steering clear of the old playbook of investing in infrastructure…
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