Former Chongqing mayor Huang Qifan has called for coordinated policies to address China's significant trade surplus, which he described as "shocking." He proposed measures such as a gradual yuan appreciation of 15-20% over the next decade, alongside tariff reductions and increased labor benefits. Huang believes these actions are necessary to rebalance trade, boost imports, and support China's long-term growth objectives. AI
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RANK_REASON An opinion piece by a former official on economic policy.