You've got to hand it to the Chinese. They can stimulate an economy like nobody's business.
The Middle Kingdom's largest brokerage said this week that China's GDP may surge 12% in 2010, courtesy of its gigantic government stimulus plan. A record $1.3 trillion in loans were handed out in the first 11 months of 2009.
All this growth and cheap money will likely fuel a huge property and stock bubble.
The Middle Kingdom's largest brokerage said this week that China's GDP may surge 12% in 2010, courtesy of its gigantic government stimulus plan. A record $1.3 trillion in loans were handed out in the first 11 months of 2009.
All this growth and cheap money will likely fuel a huge property and stock bubble.
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