A top Chinese economist has issued a warning over the risks of overreliance on stimulus for short-term growth, including driving debt to unsustainable levels. Newsweek has contacted China's Foreign Ministry for comment by email. The Chinese government was slow to roll out a major stimulus package following the COVID-19 pandemic, as economic growth slowed and consumer demand flagged. Burdened by a real estate crisis and high levels of local government debt, President Xi Jinping emphasized "high-

Tag-uri: Real Estate Coronavirus