Sunday, June 28, 2015

Xinhua — China under pressure to meet fiscal revenue budget target

Looks like China is clueless, too, and thinks it needs revenue to fund itself.
China under pressure to meet fiscal revenue budget target


Ryan Harris said...

As Mosler said would happen, when more of their kids returned from western education they would take up western thinking and policy.
A bit of re-education might be on order, "up to the mountains and down to the villages," maybe they need to send the college graduates and students back to live and work with the rural poor to learn the peasant ways like they did in the past to ensure they don't lose sight of what is important.

Ignacio said...

Stupidity is contagious.

mike norman said...

This is some journalist who wrote this. China just said a week ago that it was expanding fiscal stimulus, raising the deficit to invest in infrastructure and job creation. Mosler is wrong. There is not one thing that he has been right about for the last three years.

Tom Hickey said...

The article appeared with attribution to Xinhua, which is the news service of the CCP.

The Xinhua News Agency (English pronunciation: /ˌʃɪnˈhwɑː/[1]) is the official press agency of the People's Republic of China. Xinhua is a ministry-level department subordinate to the Chinese central government. Its president is a member of the Central Committee of the Communist Party of China.

Xinhua operates more than 170 foreign bureaus worldwide, and maintains 31 bureaus in China—one for each province, plus a military bureau. Xinhua is the sole channel for the distribution of important news related to the Communist Party and Chinese central government.

Xinhua is the regarded the most influential media outlet in China as almost every newspaper in China relies on Xinhua feeds for content. People's Daily, for example, uses Xinhua material for approximately 25 percent of its stories. Xinhua is a publisher as well as a news agency—it owns more than 20 newspapers and a dozen magazi nes, and it prints in eight languages: Chinese, English, Spanish, French, Russian, Portuguese, Arabic and Japanese.
— Wikipedia-Xinhua News Agency