Washington Post,September 2, 2008 on page E10: China's leaders are planning tax cuts and a public works spending spree to make sure their economy's growth isn't doused along with the Olympic flame.
China has eased lending restrictions and halted an appreciation of the yuan that was starting to pinch exports. The government is considering a fiscal stimulus of as much as $58 billion, according to economists and media.
My comment: It is a matter of shifting the aggregate demand and aggregate supply curves from contractionary gap to expansionary gap to strive for the optimum to balance the economy.
Francis Shieh a.k.a. Xie Shihao on September 2, 2008 at 6.40 a.m.
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