An article published by Stella Yifan Xie (2023) in the Wall Street Journal discusses how a deleveraging mindset in China can slow down that country's GDP growth.

Read "China Risks Slower Growth as It Trims Debt."

Question:

What should the Chinese government do under this current scenario? How would this decision affect economic growth?

Note: Use the concept of circular flow of spending, production, and income in your explanation

Thanks