For all the strong rhetoric, China’s latest policy actions suggest a shift in focus on the economy to mix relatively pain-free overhauls that burnish Beijing’s credentials for change with measures to prop up sagging growth.
While Prime Minister Li Keqiang of China provides a drip-feed of easy changes, he will avoid more radical moves for fear of tipping the Chinese economy over the edge.
Analysts from top government research institutions say there is no reason to doubt the government’s commitment to shifting China’s economy away from an investment- and credit-driven growth model to one that relies more on consumption and innovation.
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Kevin Yao, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/QbEV1u65duA/
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