China Securities Journal (via MNI) has a commentary piece today:
- Says the room for “mini stimulus” policies is becoming smaller
- Said the effect of targeted easing has been smaller than expected while a system-wide monetary policy easing would only inflate property bubbles and worsen economic structural problems
- High growth of infrastructure investments is hard to sustain over the long term
- Warns of possible greater pressure in stabilizing growth next year.
- Called for speeding up reforms which would better address the downward risks of economic growth, rather than over-reliance on “mini stimulus” policies
