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Can China Avoid a Bad-Loan Financial Crisis?
China’s exports to the United States have slowed due to mounting trade fiction, and growing uncertainties have caused private fixed-asset investments to falter. China’s economy, however, appears to be bottoming out, thanks to stimulus measures by the Chinese government. Such measures as the lowering of the policy interest rate, the reduction of corporate taxes by 2 trillion yuan (about ¥31 trillion), the easing of the social security burden, the promotion of infrastructure investments through the increase of local government bond issuance, subsidies for high-tech manufacturing industries, and the early ... (full story)