How Far Can China’s Giant Economic Stimulus Package Go?
Despite the stimulus, deep structural issues persist in China’s economy, Roach warned. Once a long-time optimist about China, Roach became skeptical when its leaders failed to address concerns raised by former Premier Wen Jiabao, who in 2007 warned that China’s growth was “unstable, unbalanced, uncoordinated and unsustainable” beneath the surface.