How the G20 2016 Can Drive Global Economic Governance Reforms

Printing money and other misguided policies by developed economies in the wake of the 2008 crises were not successful in the long term. China’s policy of supply-side reform is applicable to other countries as well. Different countries may pursue different policies, but the overall theme should be to provide support to innovation, liberalize controls, encourage competition, and expand market access. Adopting this approach at the Hangzhou summit could contribute to rejuvenating the world economy and spur growth.

Zhou Shijian, Senior Fellow, Tsinghua Center for US-China Relations via CHINA US Focus http://ift.tt/264uTnS