(Bloomberg) China is falling into a “balance-sheet recession” and needs to ramp up fiscal stimulus quickly to address the challenge, according to the economist who coined the phrase to explain Japan’s descent into stagnation in the 1990s.Most Read from BloombergTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencySwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineA $100 Billion Wealth Migration Tilts US Economy’s Center of Gravity SouthChina’s Economic Woes Are M
Jonathan Schiff accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
China's economic rebound has been better than expected, and because it has a strong digital economy, the prospect of an electronic currency should be explored.
Martin Chorzempa chinafile.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinafile.com Daily Mail and Mail on Sunday newspapers.