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Economists puzzled by state of economy

By Chen Jia | China Daily | Updated: 2013-06-17 07:35

Economists puzzled by state of economy

Quantitative easing is an unconventional monetary policy used by a country's central bank to stimulate its economy when standard monetary policy has become ineffective. The world's first and third most powerful economies - the United States and Japan - are implementing QE policy but a senior Chinese economist warns that excessive money supply is like "a tiger in a cage". "Once it is released, the consequences will be severe," he said. Provided to China Daily

Policy makers hesitant about next step as money supply increases a lot

Economists puzzled by state of economy

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