How will a new-for-old plan help stimulate China’s economy?

The Chinese government is pushing ahead with a plan for large-scale equipment upgrades and consumer goods trade-ins to stimulate the economy. To what extent can such a plan help China’s growth? What’s the key to the plan being as effective as expected? And who will benefit most from the business worth billions of dollars?

For more, host Tu Yun joins Dr. Yan Liang, a Professor of Economics at Willamette University, Dr. John Gong, Professor of Economics, University of International Business and Economics and Chen Jiahe, Chief Investment Officer of Beijing-based Novem Arcae Technologies for a close look at the issue on this episode of Chat Lounge.