Or Is China the word?

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CK MacLeod

WordPresser: Writing since ancient times, blogging, e-commercing, and site installing-designing-maintaining since 2001.

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12 Responses

  1. Avatar Jaybird says:

    China just instituted a six-month ban on stock sales by major shareholders.

    I’m pretty sure we’ve seen this movie…Report

  2. Avatar North says:

    I know this is a big deal in China but I’m puzzling over how big a deal it’ll be outside China. My impulses flip back and forth between hair raising horror and “meh, we probably won’t even hear more about it.”Report

  3. Avatar zic says:

    Sounds to me like the folks in China have been reading Krugman and watching the US’s limited recovery vs. Europe’s struggles with austerity.Report

    • Avatar Kolohe in reply to zic says:

      China threw a metric a** ton of money into the system through the 2008 financial crisis (on top of Olympic stimulus) (but minus shutting everything down for air quality). It has seemed to make things copacetic for a few years

      But my thinking is a ‘developing’ economy like China’s withe vastly different tax incidence and government economic involvement than the EU or US should not and cannot use the textbook economic counter cyclical stabilizers that a country with a robust tax collection system and more or less transparent government spending can.Report

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