Sunday, January 10, 2010

China says active fiscal policies to stay

"In 2010, active fiscal policies will continue, and this means we cannot weaken the intensity of fiscal support for economic development, avoiding the losses to our achievements that would come from an excessively early exit," Xinhua cited Xie as telling the meeting.

This year, he added, government spending policies would "give greater emphasis to expanding domestic demand."

Everyone stands ready to inject more stimulus. Spend, print, devalue and hope like hell the debt pile doesn't collapse further on their watch.

Source: reuters.com

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