China looks like it might be trying to dampen stimulus expectations, with the state-backed...


China looks like it might be trying to dampen stimulus expectations, with the state-backed Xinhua news agency publishing an editorial warning that huge spending to boost the slowing economy could be "detrimental" given the large local-government debt and bad loans that are still left over from the country's previous stimulus in 2008.

Comments (1)
  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
     
    "...with the state-backed Xinhua news agency publishing an editorial warning that huge spending to boost the slowing economy could be "detrimental"..."

     

    Meantime, the state-backed New York Times is reporting that "Nobel laureate Krugman is despondent now that he no longer sees backing from the People's Republic. A source close to the great man noted 'now all Paul has left is Cuba and, if Chavez survives, Venezuela.'"

     

    "China's stimulus plan would have worked if they had tripled the amounts involved."
    -- Yogi Tsu-keynes
    13 Sep 2012, 07:48 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs