China's Narrowing Policy Horizons

From Project Syndicate RSS-Feed Thu Jan 31 2013, 05:50:07

China's economic revival since the third quarter of 2012 should come as no surprise: as long as the government has room to wield expansionary monetary and/or fiscal policy, faster growth is always only a matter of time. But China's rapidly rising money supply and weakening fiscal position now threaten to change that for good.

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