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Coronavirus: China stimulus policies not enough to boost job growth, steady economy, experts warn

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[unable to retrieve full-text content]China needs to do more to steady employment this year given the damage caused by the coronavirus pandemic and calls from some trade partners to decouple from the world’s second largest economy, a panel of government advisers and academics said on Tuesday.Beijing wants to keep the urban surveyed unemployment rate steady at about 6 per cent in 2020, while creating 9 million new jobs. But David Li Daokui, a professor at Tsinghua University and former adviser to China’s central bank, said the…

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[unable to retrieve full-text content]
China needs to do more to steady employment this year given the damage caused by the coronavirus pandemic and calls from some trade partners to decouple from the world’s second largest economy, a panel of government advisers and academics said on Tuesday.Beijing wants to keep the urban surveyed unemployment rate steady at about 6 per cent in 2020, while creating 9 million new jobs. But David Li Daokui, a professor at Tsinghua University and former adviser to China’s central bank, said the…

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