Comments on Karen Maley “China's risky rates gamble”, 3/12/2010, http://www.businessspectator.com.au/bs.nsf/Article/China-interest-rates-inflation-yuan-dollar-pd20101202-BQS2M?OpenDocument&src=rot
The Chinese government has gone back to the future in price control using administrative measures.
Many things done by the Chinese government can only be feasible in China.
But that is the reality as it is now and the Chinese authorities can still pull rabbits out of their hats.
How long can that continue is a question mark, and that is another matter for the moment, though.
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