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Tag Archives: venomous inflation
Who Is Going to Bail Out China?
China is suffering a brutal economic “hard landing” as the pay-back for their massive Keynesian stimulus spending to revive economy growth after the 2008 credit crisis. China’s stimulus bought two years of economic boom, but the cost of this instant gratification was unleashing venomous run-away inflation that forced the central government to hammer the economy [...]
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Also tagged Asia Times, bank of china, Big Government, China Construction Bank, China Daily, China hard landing, credit crunch, economics, Financial Services, Gansu Provincial Highway, Guangdong Provincial Communications Group, Hunan Provincial Expressway, news, S&P, Sichuan Railway, Tsinghua University, Zhou Mubing
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