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China Tightens Budgetary Policy Amid Macroeconomic Headwinds

The Economist argues that China's current fiscal belt-tightening measures, while beneficial microeconomically, are counterproductive for broader macroeconomic stability.

27 Aug, 08:57 — 27 Aug, 08:57
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economistHigh8h ago

China should be loosening budgetary policy. It’s doing the opposite

Its belt-tightening is good micro, but bad macro

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