China's Monetary vs. Fiscal Policy(4)
Published:
2007-11-22
Ministry of Commerce's Policy Research Department released a report recently suggesting a global economy downswing next year could be the biggest challenge facing China. The report cautions that if exports dropped drastically, the upwards trend of economic growth may finally come to a head.
Says one source from the China Banking Regulatory Commission, under such circumstances, it would be high time to play both cards at once to cushion any economic decline.
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