China spending worries economists – video news report
China spending worries economists – Melissa Chan from Al Jazeera News video report from Beijing, 30 Oct 09.
China’s economy has bounced back from the global financial crisis, expanding 8.9 per cent in the third quarter, the envy of the world, leading the global recovery, or so goes conventional thinking.
But China’s success is largely due to two main reasons: massive government stimulus and banks that are lending money to just about anyone and any business.
As Melissa Chan reports from Beijing, neither phenomenon can go on indefinitely … more from her video report.
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