Dec 7, 2010
| Last Updated
- The hangover from China’s fiscal and monetary stimulus is beginning to set in, with inflation rising and growth slowing.
- Fighting inflation will be the primary goal of monetary policy for at least the first half of 2011, though we do not expect an excessively restrictive lending quota for the banking sector.
- On the bright side, private consumption may finally start to drive China’s growth in 2011.
Growth Dynamics: The Hangover
China achieved a soft landing in 2010 as policy makers began to wind down the “modestly loose” monetary policy implemented in late 2008. In 2011, the[...]
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