More from the Wall Street Journal. It says:
- China’s slowdown in growth will boost pressure to dial up stimulus, dial back reforms
- That China’s premier and central bank chief underscored their focus on growth, telling business leaders at a conference that they would use monetary policy or “slightly bigger adjustment” measures if growth slips below acceptable levels
- Plans announced already to build more railways and cut some taxes
- China’s critics also argue that in recent months Beijing has devalued its currency to help out troubled exporters
Also:
“Growth is lower than the official estimates,” said Qinwei Wang, a Capital Economics economist, but he says the slowdown “wasn’t as bad as people feared; it isn’t a hard landing.”
Article is here: China’s Slowdown Likely to Spur Stimulus, Not Reforms (The Wall Street Journal is often gated, so if you’re unable to access the article try a search of Google news using the headline)
