China Unveils Measures To Boost Sluggish Economy

China has unveiled measures to boost its sluggish economy, in what appears to be the strongest indication yet of government concern about the economic slowdown and one that also underscores a shift in Beijing’s approach to managing its economy, as noted in Financial Times. The Chinese “mini stimulus”, though limited in size, could herald more policy moves to prop up growth. The government will eliminate taxes on small businesses, reduce costs for exporters and line up funds for the construction of railways. Also see China Hard Landing: Potential Catalysts for a Complete Collapse China Stimulus is quite small but it’s…