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China cannot afford a second wave of runaway real estate prices
Several factors are behind the recent resurgence in house price. While the government has injected liquidity into the economy to mitigate the pandemic’s impact, domestic and international uncertainties have led some enterprises to seek a safe haven in the real estate market
The world needs a better form of globalization
The coronavirus pandemic, which caused severe disruption to global supply chains, has further exposed the negative impact of globalization on domestic economies. As the world seems to have arrived at a crossroads, policymakers around the globe should take a new approach to establishing a new form of globalization
Universal healthcare is not a panacea for the problems of China’s health system
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
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China should adopt more expansive economic policies in response to Covid-19
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.
China needs tailored measures to mitigate the economic impact of the coronavirus pandemic
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
China should address governance problems exposed by coronavirus outbreak
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