Roach Casts Doubt on China Consumer Pivot as ‘More Slogans’

Economist Stephen Roach said China’s bet that consumers can help boost the economy may not pay off if the government fails to address the public’s broad worries about the social safety net.

“What I’m worried about is that their program is more slogans than substantive actions that really give me confidence that the consumer revival is at hand,” the former Morgan Stanley Asia chairman told Bloomberg TV on Thursday in an interview at the Boao Forum for Asia.