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Another reason preventing a further easing of the monetary policy is the need to prevent systemic financial risks. But fiscal policies can play a major role in supporting economic growth in China, he said. "When unconventional monetary policies are becoming conventional, it will be difficult to come back," which in turn may lead to corporate debt surges or stimulate property bubbles.

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Another project initiated by the provincial government to revive the city's past trading glory, was Silk Road Commercial Street, the road on the former site of West Market, and the location of Karta's restaurant.

Apart from simultaneously launching anti-dumping and anti-subsidy investigations against Chinese manufacturers on a regular basis since 2006, the US government has more than once used "market economy status" as a bargaining chip in exchange for China's concessions in trade negotiations.

Another thing that's different about China is the speed of change. Policymakers are implementing new policies to address access to care and primary medicine in rural areas, at the same time access to innovation and the treatment of rare diseases. There is a lot of changing policy to expand the availability of medicine across the country.