China Struggles to Keep Growing  

Oleh:

Treadway, Peter T.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Far Eastern Economic Review vol. 172 no. 3 (Apr. 2009), page 24.
Topik: National People’s Congress Chinese Premier; Stimulus; Investment; Infrastructure

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Perpustakaan Pusat (Semanggi) Nomor Panggil: FF21.21 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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On March 4 at the National People’s Congress Chinese Premier Wen Jiabao reiterated that China’s official fiscal stimulus plan, first announced in November, would remain at $486 billion. World stock markets, which had been prepped for an increase by some Western economists supposedly “in the know,” sold off in disappointment. The markets wanted more. In my view the disappointment was misplaced. Beijing’s approach is far from perfect and has a serious flaw in the banking area. But compared to the ever-changing and class-warfare driven American stimulus plans, the Chinese approach seems to be a model of good sense. In the land of the blind, the one-eyed man is king. The perfect plan should never be the enemy of the good plan.

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