World Bank’s David Malpass on China’s stimulus resistance ‘out of touch with reality’

[onebyone]

Chinese economists have pushed back at World Bank president David Malpass’ claim that Beijing has not delivered enough economic stimulus during the current international slowdown.

Chinese economists have pushed back at World Bank president David Malpass’ claim that Beijing has not delivered enough economic stimulus during the current international slowdown.
World Bank president David Malpass’ claim that China’s reluctance to deliver more economic stimulus during the current international slowdown has put more pressure on the United States has been rubbished by Chinese economists, who say his criticism is “ungrounded”.
Malpass said earlier this week that the Chinese government has been “less eager” to kick-start growth with financial support like it had done in previous global down cycles.
“That may be good for their economy and good for the long run, but it means for the world you’ve got the No 2 economy that’s not really jumping forward. That puts more burden on the US,” said Malpass, who served as under secretary of the Treasury for International Affairs at the Treasury Department under the Trump administration.

World Bank president’s comments on China stimulus resistance ‘ungrounded’

World Bank president David Malpass’ criticism of China’s reluctance to deliver more economic stimulus during the current international slowdown has been rubbished by Chinese economists, who say his criticism is ‘ungrounded’.

www.scmp.com

 

[epebble]

I also think China’s reluctance to deliver more economic stimulus during the current international slowdown has put more pressure on the United States is nonsense. A sovereign nation does what it thinks is best for the country. Does U.S. Federal Reserve Bank care how their interest rate policies cause Foreign Exchange crisis is weaker countries? President Nixon famously said "(U.S. Dollar) is Our Currency, but it is Your Problem".

 

[Zsari]

Chinese economists have pushed back at World Bank president David Malpass’ claim that Beijing has not delivered enough economic stimulus during the current international slowdown.

Chinese economists have pushed back at World Bank president David Malpass’ claim that Beijing has not delivered enough economic stimulus during the current international slowdown.
World Bank president David Malpass’ claim that China’s reluctance to deliver more economic stimulus during the current international slowdown has put more pressure on the United States has been rubbished by Chinese economists, who say his criticism is “ungrounded”.
Malpass said earlier this week that the Chinese government has been “less eager” to kick-start growth with financial support like it had done in previous global down cycles.
“That may be good for their economy and good for the long run, but it means for the world you’ve got the No 2 economy that’s not really jumping forward. That puts more burden on the US,” said Malpass, who served as under secretary of the Treasury for International Affairs at the Treasury Department under the Trump administration.

World Bank president’s comments on China stimulus resistance ‘ungrounded’

World Bank president David Malpass’ criticism of China’s reluctance to deliver more economic stimulus during the current international slowdown has been rubbished by Chinese economists, who say his criticism is ‘ungrounded’.

www.scmp.com

They were hoping for a massive stimulus plan akin to 2008 to rescue the global economy. "That may be good for their economy and good for the long run, but it means for the world you’ve got the No 2 economy that’s not really jumping forward. That puts more burden on the US." That's the heart of the statement, that China should not do what's good for itself and for the long run just to relief the US woe.

 

[S10]

The World Bank and IMF can eat shit and die. Every country "rescued" by these Western back institutions gets perpetually bogged down in middle income trap or perpetual poverty.

 

[大汉奸柳传志]

go ask India.

 

[MH.Yang]

He meant that China should stimulate economic growth through massive monetary issuance, as in 2008, and then pull the USA out of inflation.

That's a ridiculous idea.

Americans should continue to raise interest rates to save themselves. The Chinese will not come to help you this time.