Stimulus very different from 2008
By Ed Zhang | China Daily | Updated: 2014-04-14 07:12
Never have economists been so polarized in their views about China.
Since the beginning of the year, many of them have been talking about the country's coming Minsky moment, or a sudden collapse in the value of assets. Others are ruling out that possibility.
Some say government stimulus, like the one in late 2008, led by the central government's 4 trillion yuan ($650 billion) commitment, would benefit the economy. Others say it wouldn't.
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