Panel: Will China jump-start its economy via its latest stimulus package?

World Today

China’s latest economic stimulus package is marking a critical step to restore investor confidence and promote high-quality development. The monetary part of the package features cuts in policy interest rates and the amount of cash that banks must hold as reserves. Measures to support the property sector include cuts in mortgage rates and down payment ratios. Additional financial market tools have been introduced to spur activities in China’s stock markets. There are also signs that fiscal stimulus is gaining traction among policymakers.

To what extent will the package supercharge China’s economy? Will it also place China on the right track to fulfill its long-term goals?

Host Ding Heng is joined by Professor Angus Chu, Head of the Department of Economics with University of Macau; Feng Qu, Associate Professor of Economics and Head of the Economics Division with Nanyang Technological University in Singapore; David Blair, Vice President of the Center for China and Globalization.