Challenge: reduce lending, create jobs – Arthur Kroeber

China faces this year unprecedented challenges, tells Arthur Kroeber the Wall Street Journal on the day the annual National People Congress (NPC) starts its meeting.

“Last year, Beijing had a simple strategy and a simple message: lend as much money as necessary to keep growth at 8%. This year, the job is trickier: it has to reduce lending, but not so much that growth stalls,” said Arthur Kroeber, managing director of research firm Dragonomics in Beijing. “It will be hard to do that without damaging business and consumer confidence.”

More in the WSJ.

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Arthur Kroeber is a speaker at the China Speakers Bureau. When you need him at your conference, do let us know.