China＇s mini-stimulus policy is justi^ed for some proven effects on economic stabilization. However, the policy should not be used on regular, long-term base. Mini- stimulus economic policy is still essentially inves...China＇s mini-stimulus policy is justi^ed for some proven effects on economic stabilization. However, the policy should not be used on regular, long-term base. Mini- stimulus economic policy is still essentially investment-driven and by nature no different from the four trillion yuan stimulus package introduced in the aftermath of the global financial crisis of 2008. The policy strength of mini-stimulus packages the Chinese government resorted to has already accumulated to ascend to quite an extent. Further, ministimulus policy cannot stabilize growth and promote economic restructuring simultaneously. In fact, its effects on restructuring are short-term and may even be negative. Additionally, the diminishing potency of China＇s mini-stimulus policy efforts may force the government to resort to another hefty stimulus package with severe side effects. In the final analysis, it is social policy not economic stimuli that will help the Chinese economy achieve a soft landing.展开更多
At the present time, China is in need of economic stimulus, a fact testified to by the struggling branches of some banks and the sluggish manufacturing industry. Ye Tan. a financial commentator, said in a commentary p...At the present time, China is in need of economic stimulus, a fact testified to by the struggling branches of some banks and the sluggish manufacturing industry. Ye Tan. a financial commentator, said in a commentary published in the Shanghai-based NationalBusiness Daily. that the country should no longer base its optimistic mood solely on the explosive growth of the information technology （IT） and e-commerce industries. Without the upgrading of its manufacturing sector, China＇s economy will lose the foundation required to sustain its growth.展开更多
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 investme...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.展开更多
文摘China＇s mini-stimulus policy is justi^ed for some proven effects on economic stabilization. However, the policy should not be used on regular, long-term base. Mini- stimulus economic policy is still essentially investment-driven and by nature no different from the four trillion yuan stimulus package introduced in the aftermath of the global financial crisis of 2008. The policy strength of mini-stimulus packages the Chinese government resorted to has already accumulated to ascend to quite an extent. Further, ministimulus policy cannot stabilize growth and promote economic restructuring simultaneously. In fact, its effects on restructuring are short-term and may even be negative. Additionally, the diminishing potency of China＇s mini-stimulus policy efforts may force the government to resort to another hefty stimulus package with severe side effects. In the final analysis, it is social policy not economic stimuli that will help the Chinese economy achieve a soft landing.
文摘At the present time, China is in need of economic stimulus, a fact testified to by the struggling branches of some banks and the sluggish manufacturing industry. Ye Tan. a financial commentator, said in a commentary published in the Shanghai-based NationalBusiness Daily. that the country should no longer base its optimistic mood solely on the explosive growth of the information technology （IT） and e-commerce industries. Without the upgrading of its manufacturing sector, China＇s economy will lose the foundation required to sustain its growth.
文摘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.
