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China economy

Our Correspondent
Dec 11, 2007
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China economy
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The Real Economy: Overheating is a myth: industrial output remains strong, so the idea of “too much money chasing too few goods” does not apply. Indeed, China’s policy mix remains extremely growth – friendly: fiscal expenditures are rising by a real 24 percent a year. Hence, real demand remains strong (we call this “excess demand”), which is what Beijin…

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