A former policy-maker at People's Bank of China policy-maker has attributed the country's anti-graft drive as the reason for the economic deceleration. "If you look at the slowing down of the Chinese economy, I would argue that the number one reason is not rebalancing," Dr David Li told Channel News Asia, but rather it "is that policy makers are trying to clean up a lot of bad practices of local government"
Anti-Corruption Campaign Has Caused Chinese Slowdown, Says Former Central Banker
Forbes - 28 Jul 2016 20:53
A former policy-maker at People's Bank of China policy-maker has attributed the country's anti-graft drive as the reason for the economic deceleration. "If you look at the slowing down of the Chinese economy, I would argue that the number one reason is not rebalancing," Dr David Li told Channel News Asia, but rather it "is that policy makers are trying to clean up a lot of bad practices of local government"
Share this Article
Recommended