China needs fiscal, monetary stimulus to sustain growth (Global Times)

When a significant economy like China’s faces an outlook of an evident slowdown, an economist’s common-sense response would be to ram up the magnitude of fiscal stimulus, and simultaneously cut taxes and fees for the middle class so they will have more in their pockets to shop and activate domestic spending.

http://www.globaltimes.cn/content/1171890.shtml

By Li Hong

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