China’s Reluctance to Deliver More Stimulus Puts Burden on US, World Bank President Says
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China’s unwillingness to deliver more stimulus during the current international slowdown is putting more pressure on the US to support international growth, World Bank President David Malpass said.
“China in previous global down cycles was counter-cyclical, meaning they would cut interest rates, they would increase their government spending,” Malpass said in an interview with Bloomberg Television. “They’re doing less of that this time.”