China’s Commitment to Constant Adaptation and Structural Transformation

Project Syndicate

Lean Left

High Factuality

China’s Commitment to Constant Adaptation and Structural Transformation

Confronting supply shocks and weakening aggregate demand, Chinese policymakers are faced with the tricky task of encouraging consumer spending without further inflating the real-estate-market bubble. Their response has been to pursue policies to expand domestic demand while simultaneously doubling down on structural reforms.