Confidence Vote

Mar 14-2019   

Prof. Justin Lin has delivered a speech themed A Confidence Vote for the Chinese Economy at the ongoing “Two Sessions”, i.e. China’s highest political gatherings. He is the Deputy Director of the Economic Committee of the NPPCC, Honorary Dean of NSD, and Dean of Neo-Structural Economics Research Institute. The Chinese economy had slowed down, but its growth quality had improved significantly, he said. Since the global financial crisis, many countries had highlighted the importance of structural reforms, yet few had implemented. Over the last three years China had carried out supply-side reforms to cut redundant production capacity, de-stock, de-leverage and lower costs. As a result, traditional industries had accelerated the rate of upgrading; new growth momentum had been fostered; and the supply and demand of key industries had changed for the better. Prof. Lin also pointed out that China should be in good position to maintain investment growth, which in turn would increase income, expand consumption, and stabilize economic growth.