The good news is that China’s leaders seem intent on adopting a similar approach, including avoidance of monetary and fiscal expansion, unless growth seems set to collapse. Indeed, at the recently concluded National People’s Congress, Prime Minister Li Keqiang affirmed the authorities’ 7% target for GDP growth this year, while reiterating the importance of deepening reform and carrying out structural adjustments.
好消息是中国领导人似乎倾向于采取类似地方方针，包括直到增长要崩溃才考虑货币和财政扩张。事实上，在最近结束的全国人大会议上，李克强总理确认今年当局的GDP增长目标为7%，并重申了深化改革、实施结构调整的重要性。