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Beware of China’s political grandstanding on stimulus
Beijing’s big ideas have not been followed by concrete actions. There are plausible explanations.
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In September, Beijing vowed to boost fiscal spending at a quarterly Politburo meeting traditionally reserved for discussing non-economic matters.
PHOTO: REUTERS
Shuli Ren
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China has been talking about stimulating its economy for almost three months – words that have mostly not been matched by deeds.
In late September, Beijing vowed to boost fiscal spending
