Listen: China, John Coon, Fraud discussed on World News Analysis
"And so we really have to do something about in and weapon is instrument is the is the fiscal policy. So I think overall China's debt held by the government percentage of the. Quite moderate. So there's room for increasing the the the death level for the central governments. I think it's likely that cynical views of you know, these measures time to stimulate economy. I think what's different from the previous fiscal policies s that these measures are most likely I think to improve people's quote them. I've improved the infant structures within the city. I think the softer side of construction within this as opposed to remake pay in infrastructure investments, like highways railroads as we have time pass. It's a different kind of stimulus package, and and a hope these measures will at least pop-up economy of it. The meeting send message to offer support for the private economy and stock market, but what kind of support do the property colonies need from the government. I think they are. They are a lot because of you know, for so many factors. Trump them stand out wines, the very challenging access to capital to banking loan simply because most of the, you know, actions are controlled by the state owned banks, and they tend to be centralize the decision-making mechanism and tend to lead to more concentrated, you know, loans to some of the essays and very large private companies. So massive are large number of the private companies have very difficult time to access defending. This is one of the I would say one of the biggest problems of the economy right now, the second part if you can actually the private business. Are facing increasing pressure of growing tough, one of the reasons and supply-side government has successfully managed to cut down the overcapacity of some of these. But those companies control the Moore materials, let's say like a steel like toll like some of this fundamental, you know, resources to once that's over capacities cut down. That's a good thing. But it also means inflated price for this room chores, which will be you know, the cost item for a lot of the private businesses. So they are facing a growing cost factor and that were that into gather you see private businesses are are facing normal challenges in order to make their life easier. I think they first and most immediate policy could be reduced. Significant tax burdens, I'll those businesses. So then they can survive over this period of time and listen for the stock market meetings at China will try to stimulate dynamism in stock market. What are in the policy makers to a box share buybacks were lower stamp duty. What kind of reforms are really urgently needed in this stock market while you know, in my view, I always believed that the they the government does not have to do to do anything to manage up the stock index that's not the wisest choice, and they they resources could be allocated to far more useful and effective areas. What the government needs to do is really to maintain a clean to wipeouts corruption wipeout the fraud to you know, have a have. A proper law enforcement on the stock market as to be a good judge to be a good police rather than to you know, get into the game and trying to to stimulate the the stock market. I don't think that's the wisest choice. The government can make John Coon professor was university of international business and economics and Winston one managing director of shift stone Group Ltd speaking with my colleague, John coming up Jonah edges up in World Bank business friendly rankings. You're listening to today's stay with us. As get speaker with the day. I feel very grateful for providing jump for me communicate of the world and China's progress in China, the compliments and also China, which cultural heritage, and of course, China's desire to integrated into the international community. I believe today. Open the window as well as built bridge between people in China and the world.."