«Banks hope to lend early to get early returns... private investment and manufacturing investment are picking up due to firmer global demand (and) household loans could be boosted
by property demand,» said Nie Wen, an
economist at Hwabao
Trust in Shanghai.
Recent Solo exhibitions include; New Art Section, Art Brussels, selected
by Witte de With Contemporary (2015), All Vertical Lines Intersect, Galleria Michela Rizzo, Venice (2013) Vanishing Point, Sumarria Lunn, London (2013), Displacements, Galleria Michela Rizzo, Venice (2012), Testing the Limits, The Nunnery, Bow Arts
Trust, London (2011), Time + Trace, Sumarria Lunn Gallery, London (2011), Test Flights,
Economist Plaza, London (2010).
This system (which was introduced several years ago in the «Sky
Trust» proposal) has some merits compared with the
economist's favorite approach of tax cuts, namely that the Cap - and - Dividend scheme addresses some of the distributional issues that would be raised
by using the auction revenue to fund tax cuts (which could favor higher income households).