‘Be attentive’ to China’s rebalancing

Policymakers in the East Asia and Pacific region should be mindful of China’s bid to make its economy more dependent on consumption instead of debt-led spending, a World Bank economist said on Wednesday.

“It will be important for policymakers to be attentive to China’s efforts to rebalance its economy as a related shift will present both new opportunities and challenges,” acting East Asia and Pacific chief economist Andrew Mason told reporters in a briefing.