China Invents a Different Way to Run an Economy
A man looks at his mobile phone while laying on top of a scooter in front of stacks of wood at a lumber trading yard in Anqing, Anhui Province, China. (Photographer: Qilai Shen/Bloomberg)

China Invents a Different Way to Run an Economy

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(Bloomberg Opinion) -- In the U.S. and other developed countries, there are three basic philosophies of macroeconomic stabilization. Each of them was present in some form during the Great Depressio...
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