Bloomberg News

Ex-Pboc Adviser Says China Able to Intro Stimulus for Economy

October 20, 2011

Oct. 21 (Bloomberg) -- Former Chinese central bank adviser Yu Yongding said China is still able to introduce stimulus to shore up the economy if needed.

Any stimulus would be smaller than the package introduced in 2008 because the nation has learned the lesson that the earlier package was too big and too rushed, Yu said at a conference in Beijing today.

To contact the editor responsible for this story: Bloomberg News at jliu42@bloomberg.net


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