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Xi Doubles Down on Stability-First Slow Growth in China
In past cycles, any hint that the Communist Party’s lofty growth forecasts were under threat led to all-in stimulus.
27 Sep 2019, 04:26 AM IST
(Bloomberg Businessweek) -- Donald Trump has called the leaders of the Federal Reserve “boneheads” for not doing enough to juice U.S. economic growth—even though the Fed has already cut interest rates twice this year. Meantime, the European Central Bank says it’s ready to buy as much debt as it takes to reflate the euro area. That leaves China as the only one of the world’s big three economies that isn’t slamming its foot on the gro...
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