China Poised For Surprise Rebound |
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May 11, 2013 |
May 2013 Bond Updates
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It seems the entire planet is bearish on China and questioning its economic data. But as most economists missed the bubbles created by China's 2009 stimulus, they're now missing signs of some economic resilience and a likely pick up in short-term growth as abundant liquidity starts to reach the economy. This means that China could once again defy the naysayers (I've been among them). Any short-term respite though is likely to lead to even greater dependence on debt to drive economic growth and more serious problems beyond this year.
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View more at: http://www.forbes.com/sites/jamesgruber/2013/05/11/china-poised-for-rebound/
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