Wang Jun, Chief Economist at Beijing Central Plains Bank, Says China’s Economic Slowdown Due to Coronavirus Comparable to the “Financial Tsunami in 2008”

(Yahoo) “Wang Jun, chief economist at Beijing Central Plains Bank, believes that the situation this time is somewhat similar to the financial tsunami in 2008. At that time, about 20 million workers were unemployed, allowing mainland Chinese authorities to use a 4 trillion yuan budget to protect the economy. The economic growth rate has increased, but it is also carrying debt”. Read more