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I'm not sure the latter part ("manage effective domestic growth by adjusting taxes and spending") is correct at all. China manages its economy via SOEs and tar

I'm not sure the latter part ("manage effective domestic growth by adjusting taxes and spending") is correct at all. China manages its economy via SOEs and targeted and massive credit, as well as financial repression (of which capital controls are a component).

pydry 6y ago
China makes heavy use of Keynesian stimulus. It's why they bounced back from the 2008 crisis so quickly.