Stephen Roach says China’s growth problem driven by ideology, won’t be solves by stimulus | Forexlive

Yale University senior fellow Stephen Roach spoke in an interview, saying any short-term stimulus package won’t solve China’s longer term economic malaise.

• “I think there is a tradeoff here between the cyclical stimulus majors that are going to be taken, and the ongoing longer-term issues that China has with respect to growth”

China is facing problems from:

• ongoing conflict with the US
• an aging demographic issue
• productivity problems
• And the country’s direction is “being driven more by ideology than markets right now”