China seeks spending fix as economy wobbles

China seeks spending fix as economy wobbles
Shanghai (AFP) June 15, 2014 - China is unlikely to resort to the kind of spending splurge that saw it through the 2008 financial crisis to deal with its slowing economy, analysts say, but recent moves to ramp up state support suggest it cannot wean itself completely off the stimulus drug. Policymakers are seeking more tools to keep growth from dipping below the key 7.5 percent level, worried job losses could spark social ... more

---