China’s Laissez-Faire Economic Policy Mimics ‘Reaganomics’
China’s Laissez-Faire Economic Policy Mimics ‘Reaganomics’
January 20th, 2016
When President Xi Jinping suggested in November a shift to “supply-side economic growth,” he set in motion a flurry of domestic and international media speculation on a potential new course for China’s economic policy. A relatively new term for China’s senior leaders, supply-side economics aims to address factors of China’s slowing economic growth, particularly the investment-led approach historically favored by its economic policymakers.