摘要
LESS is more. The Chinese Government＇s recent raft of policies to combat an economic slowdown has been dubbed ＂mini-stimulus＂ measures by some media, as it steers away from stimulus efforts involving major investments. Cutting reserve requirement ratios for certain banks, increasing railway investment, reducing taxation on small and micro-businesses, and quickening renovation of shantytowns, were some of the reforms launched earlier this year - with marked success.
LESS is more. The Chinese Government＇s recent raft of policies to combat an economic slowdown has been dubbed ＂mini-stimulus＂ measures by some media, as it steers away from stimulus efforts involving major investments. Cutting reserve requirement ratios for certain banks, increasing railway investment, reducing taxation on small and micro-businesses, and quickening renovation of shantytowns, were some of the reforms launched earlier this year - with marked success.
