Chinese Economist Issues Dire Warning over Debt Crisis

Chinese economist issues dire warning over debt crisis

Liu Xiaoshu has warned of the risks of overreliance on stimulus for short-term growth.

Top Chinese deficit hawk sounds alarm over debt crisis

A leading Chinese economist argues that China will eventually succumb to a calamitous debt crisis, if Beijing continues to resort to short-term stimulus measures to satisfy long-term growth imperatives.Liu Xiaoshu (刘晓曙), director of the China Chief Economist Forum and chief economist at Bank of Qingdao, has taken aim at deficit doves in a recent opinion piece, arguing that the incessant use of fiscal stimulus will create far more perils than ben…