Chinese policymakers are trading the mistakes of overly-aggressive stimulus in 2009 to 2010 for an excessively timid one today. Key decision makers in Beijing risk undershooting their 2012 growth target even more than they overshot the official 8 percent GDP target in the 2009 and 2010 stimulus years.
China Policymakers Too Timid?
Chinese policymakers are trading the mistakes of overly-aggressive stimulus in 2009 to 2010 for an excessively timid one today. Key decision makers in Beijing risk undershooting their 2012 growth target even more than they overshot the official 8 percent GDP target in the 2009 and 2010 stimulus years.
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