Huang Yiping recommends ‘more aggressive’ macroeconomic policy from central government to aid those affected by property crisis.

China’s central government should borrow more to lift domestic demand through supportive monetary and fiscal policy, a Chinese economist has urged. “If I can make a recommendation, what I think we could also do is to put together a more aggressive macroeconomic policy using central government leverage or adding central government leverage,” Huang Yiping, a professor at Peking University and dean of its National School of Development, said at the Bund Summit in Shanghai on Saturday. The potential…

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