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Chinese President Xi Jinping enters his car after a visit at the Elysee presidential palace in Paris
Chinese President Xi Jinping enters his car after his visit to the Elysee presidential palace in Paris on March 26, 2019.

AP Photo/Francois Mori

  • China can still manage to hit its target GDP growth rate if it boosts fiscal stimulus, Yu Yongding wrote in Project Syndicate.
  • The former PBOC advisor said that deflation should help the country inject support without fueling inflation.
  • The country needs to grow infrastructure investment as consumption growth slows.

Although China looks dead-set on another year of economic distress, its prospects are brighter than they seem, a former advisor to the People's Bank of China wrote.

Tags
economy, Markets, china-growth, china-economy, fiscal-stimulus, sovereign-bonds, china-deflation, PBOC
Source
Why China's economy is doing better than people think, says a former PBOC advis…