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Opinion: Chinese Growth Really Can Be Faster

2020年01月08日 19:13 来源于 财新网
Many Chinese economists argue expansionary fiscal and monetary policies might even make matters worse for China. They're wrong

In November, I pointed out that, since the global financial crisis a decade ago, China has allowed annual GDP growth to fall gradually from over 10% to nearly 6%. While a decline was appropriate, I wrote, it is time to stem the slowdown with expansionary monetary and fiscal policies. Unexpectedly, my view sparked a heated debate among influential Chinese economists.

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