Beijing’s economic blueprint
China is facing its slowest growth in over four decades amid high global uncertainty over the pandemic. On 22 May, China’s top leaders reveal their economic policy blueprint at the ‘twin sessions’ meeting. Yet, with concerns over repeating the mistakes of its response to the 2008 financial crisis, officials have cautioned against fuelling economic growth with debt while tax revenues decline. OMFIF convenes a panel with Bert Hoffman, director of the East Asian Institute at the National University of Singapore, Michael Pettis, Professor of Finance at Peking University, and Lord Adair Turner, Chairman at the Institute for New Economic Thinking, to discuss the economic policy blueprint, how much Beijing should spend, and the impact on long-term sustainability.