Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China.
China News Service | China News Service | Getty ImagesBEIJING — More economists are calling for China to stimulate growth, including those based inside the country.
His presentation Saturday at Renmin University's China Macroeconomy Forum was titled: "A basket of stimulus and reform, an economic revitalization plan to substantially expand domestic demand."
"The elephant in the room is the property market," said Xu Gao, Beijing-based chief economist at Bank of China International.
To restore confidence and stabilize the property market, Xu said that policymakers should bail out the property owners.
Persons:
Liu Shijin, Liu, Goldman Sachs, China's, Xu Gao, Xu, Nomura, Gabriel Wildau, Teneo, Yi Gang, Wildau, Yi
Organizations:
China News Service, Getty, Development Research, State Council, CNBC, China Macroeconomy, Goldman, Bank of China International, Center for, People's Bank of China
Locations:
Beijing, China, BEIJING, Renmin, Center for China, U.S