Chinese Economy: OECD recommends structural reforms
Updated 22:50, 19-Apr-2019
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We begin with a look at the latest China economic survey from the OECD. The survey released Tuesday projects China's economic growth at above 6 percent this year. That's quite robust by international standards. CGTN sat down with Ludger Schuknecht, the deputy secretary-general of OECD, to discuss the survey and its recommendations to help China's economic development.  
The OECD cut its forecast for 2019 global economic growth and projected that the Chinese economy would continue to slow as it rebalances. However, the OECD said that the environment would remain positive as long as the government continues structural reforms.
The report noted that lower growth and swiftly enacted tax cuts in China implies fewer fiscal resources to make growth more inclusive. Schuknecht spoke highly of China's current fiscal status and suggested that fiscal policy should channel funds to more productive areas.
The OECD also suggested that China should avoid directing credit to state-owned enterprises and local governments, and that ceilings should take into account sub-national government revenues.