Nomura's Chief China Economist cites the vicious cycle of rising subsidies, advocating instead for targeted support for vulnerable groups.
Ting Lu advises against common "cash handouts" proposal for China's economic slump
Ting Lu advises against common "cash…
Ting Lu advises against common "cash handouts" proposal for China's economic slump
Nomura's Chief China Economist cites the vicious cycle of rising subsidies, advocating instead for targeted support for vulnerable groups.