"China’s economy grows at 8.9% pace"by Associated Press | October 23, 2009
SHANGHAI - Lavish government spending and bank lending helped China’s growth rate accelerate to an 8.9 percent pace in the third quarter, far outstripping expansions elsewhere around the globe and raising questions about whether the rapid rebound can be sustained.
Related: China's Stimulus Succeeds
So HOW COME THEIRS WORKED and YOURS DID NOT, America?
China also said yesterday that industrial production and investment spending are growing at a faster pace. That seemingly good news unsettled local stock investors, however, on fears Beijing may need to rein in its stimulus policies to avoid asset bubbles and inflation.
Even as we APPLIED THAT HERE in AmeriKa?
I can see where the Chines get the "attitude" about the rest of the world.
Companies, central bankers, and political leaders around the world are increasingly counting on growing demand from Chinese producers and consumers to offset sluggish home markets.
Translation: THEY are GROWING, YOU are NOT, 'murkn!
Corporations from Coke to Caterpillar are seeing their strongest sales in Asia.
And then they can BOAST ABOUT PROFITS back here in the U.S. and the MSM can claim the economy is in recovery!
So far, the growth is coming mostly from government-backed spending on construction and other projects, but demand from China’s consumers is also rising.
Something we DO NOT HAVE HERE in AmeriKa!!!
The world’s third-largest economy began to falter in late 2008 as exports plunged and thousands of factories shut down.
We have EXPORTS SURGING (so they tell us) here in the U.S., and YET we are ALSO LOSING FACTORIES at the same time! What gives, MSM?
China fought back with a $586 billion stimulus plan involving massive spending and bank lending for construction of infrastructure....
Yeah, theirs worked because it was NOT STOLEN!
Related: Looting Means a Lopping in China
Maybe that is why, huh, Amurkn?
Also see: Tiring of Trade Wars
