China’s approach to inflation-fighting ineffective, says Roach

Mar 27, 2011

Beijing must drop its administrative approach to fiscal tightening and use traditional tools to fight inflation, states Morgan Stanley's non-executive Asia chairman Stephen Roach.

China’s administrative approach to fiscal tightening is not working and it must now use more traditional tools to fight inflation and hasten its transition to a consumption-led economic model, says Morgan Stanley’s non-executive Asia chairman Stephen Roach.

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