Alfred Schipke

Alicia García-Herrero, a senior fellow at Bruegel specializing in the Chinese economy, and Alfred Schipke, a professor at Lee Kuan Yew School of Public Policy, dive into China's new stimulus package. They unravel its design as a rescue for the ailing economy, particularly its focus on real estate and local government debt. García-Herrero likens it to a cleanup effort, while Schipke points out the lack of direct support for households. They argue for necessary structural reforms to bolster long-term recovery amidst these economic maneuvers.