China’s number one media fanboy has dug up a obscure economist to keep the party going. Bloomberg:
Jia Kang, a former head of a research institute affiliated with the Ministry of Finance, said authorities could lift confidence by drastically raising government investment in public projects. He spoke in an interview with Chinese publication The Paper published Tuesday.
“As these projects get underway, they will create jobs, increase income for citizens, and unlock consumption potential,” said Jia, who now leads the China Academy of New Supply-Side Economics, a private think tank. Without giving a possible timeline, he said “scaling up the bond issuance now to 4 trillion or even 10 trillion yuan would not be excessive.”
