1/4
This is an interesting experiment that may benefit Zhejiang in the longer run by giving it a larger share of China's educated young workers, but as usual it is a supply-side measure rather than the demand-side support that it really needs.
reuters.com/markets/rates-…
This is an interesting experiment that may benefit Zhejiang in the longer run by giving it a larger share of China's educated young workers, but as usual it is a supply-side measure rather than the demand-side support that it really needs.
reuters.com/markets/rates-…
2/4
I suspect that most young college grads that move to Zhejiang to take advantage of these loans are likely to build consumer-related small businesses, in which case they will be constrained, like the rest of the private-sector, by China's very low consumption share of GDP.
I suspect that most young college grads that move to Zhejiang to take advantage of these loans are likely to build consumer-related small businesses, in which case they will be constrained, like the rest of the private-sector, by China's very low consumption share of GDP.
3/4
Zhejiang is supposed to be taking the lead within China in implementing policies to reduce income disparity, and this loan program is being promoted – as is nearly every recent policy in China – as somehow furthering "common prosperity", but if Beijing...
Zhejiang is supposed to be taking the lead within China in implementing policies to reduce income disparity, and this loan program is being promoted – as is nearly every recent policy in China – as somehow furthering "common prosperity", but if Beijing...
4/4
really wants to encourage small businesses to grow, rather than spend money to subsidize small-business loans it should be spending money to boost household income.
really wants to encourage small businesses to grow, rather than spend money to subsidize small-business loans it should be spending money to boost household income.
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