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Coronavirus stimulus: is the US or Chinese approach more dangerous?

When the coronavirus pandemic began rippling through the global economy last year, China and the United States responded with very different fiscal and monetary strategies.China’s top leaders rejected the Ministry of Finance’s idea of monetising the fiscal deficit and exercised restraint in stimulus policies. The growth rate of money supply stopped rising in April last year when the pandemic was largely under control in China, allowing government bond yields to increase.Stimulus has been scaled…

Read the original article at South China Morning Post

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