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China's economy does not need...........>

CHINA PRESS
CHINA PRESS: China's economy does not need Quantitative Easing (QE)and issues
faced by Chinese companies cannot be solved by QE, according to an op-ed
published in Financial News. The article says that China should step up
counter-cyclical measures including expansionary fiscal policies and structural
monetary measures to stabilize the economy in the short-term. The monetary base
is sufficient, the newspaper said, but credit creation needs to improve because
borrowing costs for small and private companies are still high. 

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