TOUGH TIMES FOR STARTUPS: Reformers say China needs more entrepreneurs. But Beijing’s response to the deepest economic slump since the 2008 crisis is to pump money into state industry, leaving small-time businesspeople that create jobs to fend for themselves.
PROBLEMS WITH THE STIMULUS: The government’s emphasis on state industry that creates few jobs will come at a longer-term cost, setting back efforts to reduce reliance on investment and generate self-sustaining growth powered by consumer spending.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.