, Columnist
There’s One Way Xi Can Show He's Serious on the Economy
Pie-in-the-sky promises won’t convince investors. China’s leader needs to take a knife at long last to inefficient state-owned companies.
Ready to take some risks?
Source: Bloomberg
This article is for subscribers only.
For Chinese President Xi Jinping, no task is more urgent than reviving an economy devastated by three years of zero-Covid policies. His government has assiduously wooed both domestic and foreign businesses in recent months, promising pro-growth policies and a renewed commitment to economic reform.
The message is having some impact, as is relief at the return to relative normality in China. Revised forecasts indicate that pent-up consumer spending and government investment may raise growth above 5.5% this year.