Shanghai stock exchange has given highest percentage return in 2009 (nearly 65%) and economists are issuing warnings over a potential bubble build up. China's stimulus package has also shown positive results. The stock indices has reacted strongly to the reasonable GDP growth China has reported however it was more because of domestic consumption.
Exports is probably the most important factor behind China's growth which is falling continuously now for 11 months; and we may not see a sustained recovery in near future.
See John Stepek (Editor Money Week) here and zero hedge here.
Tuesday, July 14, 2009
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