Monday, June 29, 2009

Reports: China loan spree goes to stocks, property

China's government deficit spends, which helps to sustain aggregate demand. There are no cries of "taxpayer on the hook" or idiotic, out-of-paradigm journalistic comments or criticisms. The government also mandates the banks to lend.

Guess what?

Their economy is turning!

The head of China's central bank said Monday the country's economy was on the mend and expressed confidence that a government target of 8 percent growth this year would be met.

Zhou Xiaochuan, governor of the People's Bank of China, said signs the downturn in the world's third-largest economy was leveling off began to emerge in March.

"We can see that in recent times it is stabilizing and is actually taking a turn for the better," Zhou told reporters in Hong Kong.

Since my China Special Report came out the stocks listed in there are up an average of 12%, whereas the S&P is down 1%. If you buy my China Special Report now for $39.95, I'll throw in the U.S. Fiscal Update for free! Buy now!

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