Economist Yao Yang: The gap in people’s income capacity should be narrowed
Original link: https://www.latepost.com/news/dj_detail?id=1819 In late June, in a conference room at the National School of Development at Peking University, Yao Yang talked about the current challenges facing the Chinese economy. He sees the economy sluggish because real estate and local government contribute close to 40 percent of GDP growth, but both sectors are now contracting. […]
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