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Author : jackhufyfwwjteyro (IP: 195.211.154.175 , d8004.dc.unit-is.com)
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We expect Changsha, Nanjing and Ningbo to be the start of a wave of nationwide stimulus packages, with more announcements from other local governments to come, Shen Jianguang, Hong Kong-based chief Asia economist for Mizuho Securities Asia Ltd, said in a note yesterday. "With the central government's tight controls on local government lending previously, there has been widespread panic among local governments with regard to the recent downturn." [url=http://www.kolkatabroadband.com/menu.php?&#x30CB;&#x30E5;&#x30FC;&#x30D0;&#x30E9;&#x30F3;&#x30B9;-574/]&#x30CB;&#x30E5;&#x30FC;&#x30D0;&#x30E9;&#x30F3;&#x30B9; 574[/url] China should move over time to a more market-based financial system, in which prices, especially interest rates, play a bigger role than quantitative restrictions, Andre Meier, a resident representative for the International Monetary Fund, said in Hong Kong today.

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