The Hidden Policies That Power China’s Export Boom

🇨🇳 New York Times World (CN) —

AI Summary

China’s export growth is supported by extensive tax breaks and a weak currency, according to the report. Those policies contribute to a larger government budget deficit and complicate efforts to rebalance the economy.

Huge tax breaks and a weak currency sustain exports, widen the government budget deficit and complicate the country’s efforts to rebalance its economy.

World Politics Markets China exports tax incentives currency budget deficit economic rebalancing

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