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Economist: Stimulus Funds Should Not Be Used To Boost SOEs

04-20 18:26 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-04-19/110149478.html

» Funds from the Chinese government’s 4-trillion-yuan stimulus package should be used to build infrastructure, not to enlarge state-owned companies, Fan Gang, head of the National Economic Research Institute, said at the Boao forum.

» Expanding state-controlled businesses will only increase supply in an economy that is already swamped, Fan said.

» Fan called for industry development to create jobs over the long term, rather than focusing on service and high-tech sectors to solve the unemployment problem.

 

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