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 around...fast!
| 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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