Tuesday, August 14, 2012

China Is Running Out Of Money

China Is Running Out Of Money

Last week’s release of disappointing economic and trade data for July has, predictably, renewed calls for additional stimulus.  In May, Beijing ramped up its support for the economy, and observers had expected activity to pick up by last month.
Why has the economy so far failed to respond?  There are various reasons, but perhaps the most important is that the country is running out of money for stimulus.

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