To solve the problem of affordability for low-income groups, the Chinese government should increase its budget for their healthcare to guarantee basic medical services
Despite these positive signs, the government should not be complacent. As the global pandemic is still ongoing, and is yet to reach its peak, the government should prepare for the worst and take an aggressive approach to mitigate its impact.
The Chinese government should not tie itself to achieving a specific GDP growth rate. As the odds of a recession in the Chinese mainland increase, the leadership’s priority should be on mitigating the long-term impact of the coronavirus crisis rather than short-term considerations
Authorities may have underestimated the danger posed by the coronavirus. Perhaps they were concerned that a genuine assessment of the situation might cause public panic and jeopardize economic and social stability
The goals set by the leadership do not appear very surprising. But given the existing and potential challenges faced by China, the government needs to tread carefully in its fiscal and monetary policy
As the Chinese economy appears to have arrived at a crossroad, the government must keep a clear head about the risks of liberal monetary policies and refrain from resorting to quantitative easing