Beijing has no intention of rolling out a 2008-style stimulus package, according to a report...


Beijing has no intention of rolling out a 2008-style stimulus package, according to a report from the official Xinhua News Agency. "The Chinese government's intention is very clear ... the current efforts for stabilizing growth will not repeat old way of three years ago."
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Comments (4)
  • Dirtydozen011
    , contributor
    Comments (63) | Send Message
     
    They cannot, even if they wanted it as they are faced with huge inflation pressures.
    I lived in a country where economy was state regulated and naturally, a lot of money printing was happening. It kills real economic growth for many different reasons (first you get zombi banks with no valid business plan, then you get more and more zombi companies that can't function with regular chunks of monopoly money etc.). It also bring on inflation which is hugely unpopular because you can see value of your money melting each day.
    29 May 2012, 04:44 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4206) | Send Message
     
    They have already a herd of Zombie companies - look at
    LDK and co.
    29 May 2012, 07:35 PM Reply Like
  • Lawrence Lee
    , contributor
    Comments (53) | Send Message
     
    hairy old asses ...
    29 May 2012, 05:07 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
     
    Not much of a surprise ... the bulls are running out of artificial market props.
    29 May 2012, 07:06 PM Reply Like
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