China must take strong stimulus measures to support growth - state media

Omkar Godbole FXStreet Contributor

China, which is in a critical phase of stabilizing its economy, must take strong stimulus measures to support growth, according to a commentary in the Global Times, a state-backed Chinese tabloid, according to Reuters.

Key points

In 2008, the Chinese government announced a 4 trillion yuan ($578 billion) stimulus package to fight the impact of the global financial crisis. Now, the Chinese economy is under even tougher pressure amid escalating trade friction.

Beijing must draw up strong stimulus policies to inject new momentum into the real economy.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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