China Writing on the Wall
WaTimes on China’s breakneck economic expansion – good article – key quotes –
Mr. Hu said the economy grew a stunning 10.2 percent in the first three months of this year compared with the same period last year, well above previous estimates.
…China’s economy has grown at an annual pace of about 10 percent for the past three years. Chinese leaders worry that surging economic growth could spark inflation or touch off an investment binge into unneeded projects that will leave already debt-laden banks with more bad loans.
Save.
-Shlok
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