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With its export sector stuck in a freefall and a slowdown in the real economy looming, the Chinese Government has spared no rescue efforts. A 4-trillion-yuan ($586-billion) spending plan, repeated interest rate cuts and looser regulations for the real estate sector are just three of the actions the government has taken in the past months to boost the economy. But which one will be the most helpful? How long will it take for the economy to rebound? Li Yining, a renowned economist in the country, discussed these issues in an interview with the Money Weekly. Edited excerpts follow.
With its export sector stuck in a freefall and a slowdown in the real economy looming, the Chinese Government has spared no rescue efforts. A 4-trillion-yuan ($ 586-billion) spending plan, repeated interest rate cuts and looser regulations for the real estate sector are just three of the actions the government has taken in the past months to boost the economy. But which one will be the most helpful? How long will it take for the economy to rebound? Li Yining, a renowned economist in the country , discussed these issues in an interview with the Money Weekly. Edited excerpts follow.