Wen Jiabao’s Troubled Macro Adjustment: Officialdom gains weight at the people’s expense – Liang Jing
Thanks to David Kelly for this translation: In the PRC, all who pay attention to the economic situation can see ever more clearly that Wen Jiabao’s macro adjustment has not achieved its anticipated effect. The speed of investment growth still shows no sign of dropping, while the proportion of expenditure by residents continues to fall. […]
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