Why Beijing Won’t Be Stimulating the Chinese Economy Anymore

The Chinese government treats its GDP target as politically sacred. Thus officials at every level are deeply reluctant to ever “miss the target.” In fact, this aversion has been so acute that, for years, Beijing’s response to an economic slowdown was predictable. Policymakers would become nervous about downward pressure on the economy and the impact on social stability, so … http://bit.ly/2NcuHiw

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