Justin Lin Yifu on China’s third plenum, overcapacity and avoiding Japan’s fate

Quick Summary:

Professor and economist Justin Lin Yifu says China’s industrial policy is paramount to continued development, tech innovation and the transition to higher productivity.

To sum up, a decision on improving the market has been made in response to the new situations facing China’s current stage of economic development.

Therefore, the third plenum proposes to optimise the role of the government and ensure effective regulation to “remedy market failure”.

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Article Details

Author / Journalist: Ji Siqi

Category: Business

Markets: Hong KongCambodiaChinaCubaIndonesiaIsraelJapanMalaysiaMexicoUnited StatesVietnam

Topics: Infrastructure Private Industries Market Industrial China China’s Policy Development Government Economic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 06:30:11 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 3692 words

Reading Time: 21 minutes read

Sentences: 202 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21877650

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