Beijing Claims Chinese Economy Will Resume High Growth Despite Lack of Structural Reforms

Started by Epoch-Times-Bot, Jan 11, 2023, 12:15 PM

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Jan 11, 2023, 12:15 PM
Beijing Claims Chinese Economy Will Resume High Growth Despite Lack of Structural Reforms

News Analysis
The Chinese Communist Party's (CCP) state media has recently been working hard to promote private enterprises in the country, claiming that China’s economy will soon recover and resume high growth as the CCP drops its pandemic policies.
The real challenge at this stage for China’s economy is that its investment-led growth model is facing serious revenue erosion. Only structural reforms can reverse the current downturn, but the CCP is unlikely to implement such reforms, according to financial experts.
CCP State Media Promotes Private Firms
On Jan. 6, the CCP’s mouthpiece CCTV invited 21 leading private entrepreneurs—including Alibaba Board Chairman Zhang Yong, Jingdong Group CEO Xu Lei, and Fosun International Chairman Guo Guangchang—to appear on their TV program, attempting to boost confidence in China’s economy....

Source: Beijing Claims Chinese Economy Will Resume High Growth Despite Lack of Structural Reforms

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