Non-feasance is a Potential Worry for China's Economy This Year
ANBOUND
Chinese officials' laziness and slackness have become negative factors constraining the implementing effect of financial and investment policies, resulting substantively tightened local financial policies. ANBOUND research team considers that while it is natural to see local officials being lazy and slack under the great pressure of anti-corruption, a movement initiated by the central government, dynamic of anti-corruption still needs to be maintained. Under this circumstance, it is probably not easy to inspire an enthusiasm from local officials as high as before. Hence, there is still a potential non-feasance worry for China’s economic development this year.