World Bank Chief: Expect Aggressive Action from China to Stimulate Economy
China is likely to take “very aggressive” steps to kickstart its slowing economy after a once-in-a-decade leadership shuffle next month, the World Bank’s newly installed chief said today.
“In talking with the Chinese authorities, I’m completely convinced that they understand exactly the nature of the problem and they are taking every measure,” to boost growth, said Jim Yong Kim.
“They are going through a political change right now, and once the political change is complete, my sense is that they’ll be very aggressive in trying to restore growth,” he added.
– The Hindu