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Alfred Schipke

Professor of practice of international finance at Lee Kuan Yew School of Public Policy and director of the East Asian Institute at the National University of Singapore, offering insights into China's economic stimulus.

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Oct 23, 2024 • 43min

China's latest stimulus package: is it enough to save the economy?

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.