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Beijing has no intention of rolling out a 2008-style stimulus package, according to a report...
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Tuesday, May 29, 2012, 7:08 AM ETBeijing has no intention of rolling out a 2008-style stimulus package, according to a report from the official Xinhua News Agency. "The Chinese government's intention is very clear ... the current efforts for stabilizing growth will not repeat old way of three years ago."
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I lived in a country where economy was state regulated and naturally, a lot of money printing was happening. It kills real economic growth for many different reasons (first you get zombi banks with no valid business plan, then you get more and more zombi companies that can't function with regular chunks of monopoly money etc.). It also bring on inflation which is hugely unpopular because you can see value of your money melting each day.
LDK and co.