China stimulus should go hand in hand with reforms, ex central bank adviser says 

 

FILE – Shipping containers and gantry cranes are seen at a port in Lianyungang, in eastern China's Jiangsu province on Aug. 7, 2024.

China\’s stimulus efforts could come with a cost and they must be carried out alongside reforms to ensure sustainable economic growth, Liu Shijin, a former central bank adviser, said in remarks published Wednesday.

"Stimulus could come with a cost and we should combine stimulus with reforms," Chinese media outlet Yicai quoted Liu as saying at a forum on Tuesday. Liu said funds should be used for enhancing areas that are critical for long-term economic development.

Reuters

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By:VOA