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When it comes to applying dull Keynesian rules to the economy, you can rely on China. It can be assumed that further massive liquidity injections and probably two more interest rate cuts will follow this year in order to artificially boost growth to around 5%. My recommendation would be to try building ghost towns for tens of millions of people. And then demolish them again later on - good gdr style.
I doubt if these boosters would suffice. Also they are just artificial boosters
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Long term it's destroying productivity, yes
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They know everything, don't they? Even then they go with these inconsistent methods. Sometimes, they may in the short run and sometimes they may fail. If they fail for China, the economy would be in a disaster.
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