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Wednesday, December 23, 2009

China could grow fast enough to choke a horse next year

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.

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