Economic Policy Turned Inside Out

Financial engineering largely benefits the wealthiest class; monetary easing has failed to spur meaningful recovery in post-crisis economies, threatening to keep the global economy trapped in a continuous series of crises. As Chinese Premier Li Keqiang stressed, the answer is a commitment to structural reform – a strategic focus of China’s that, he noted, is not shared by others.

Stephen Roach, Faculty Member, Yale University via CHINA US Focus http://ift.tt/1G1xuo1