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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (5417)5/3/2004 12:02:15 AM
From: RealMuLan  Read Replies (1) of 116555
 
Don't kill China's growth
By YUAN GANGMING
FOR THE STRAITS TIMES

CHINA'S economy is at an important crossroads. Many people see overheating as a danger it faces, and fear the consequences if control measures are not taken early enough.

However, I am worried about the opposite danger - that action taken too early will kill economic growth should the overheating diagnosis prove false.

There's a cautionary tale from the decade from 1993 to 2002, when wrong macro-economic policies implemented too early and too forcefully choked off the rebounding economy in 1996, and again in 2000/2001.
straitstimes.asia1.com.sg
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