Liu Shijin, a key adviser to China’s central bank, advocates for a shift towards structural reforms over heavy reliance on economic stimulus to achieve the 5% growth target. Emphasizing the importance of balancing macroeconomic policies with structural reforms, he highlights the need for immediate action to address economic imbalances. Mr. Liu underscores that reforms, particularly those benefiting migrant workers and private entrepreneurship, can yield quicker results than traditional macroeconomic measures. As Beijing aims for ambitious growth targets, the focus on sustainable reforms gains prominence.