China appears on right path in near term, but future looks less bright

10/28/2012 | Bloomberg · Wall Street Journal, The

China has little fiscal room to stimulate the economy this quarter due to lower revenues and higher-than-expected outlays over the first nine months of the year, suggest figures from the Ministry of Finance. But China's economy is in good shape over the next few months, says Jia Kang, director of the ministry's Research Institute for Fiscal Science, although the longer outlook is much more uncertain as the country begins to lose its labor cost advantage.

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Bloomberg · Wall Street Journal, The

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