Monday, Jan 26, 2009
Chinese monetary contraction
Pettis: Monetary conditions might exacerbate the Chinese adjustment
Article about monetary contraction with a lot of well thought out comments. As usual, not good news. Overcapacity much larger than thought making it difficult to refocus on domestic demand, money leaving the country, an increase in non performing loans and the possibility of a large number of hidden existing ones, all leading to a contraction in credit.
Posted by stillthinking @ 11:06 AM (247 views) Add Comment
1 Comment
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1. bellwether said...
Seems to have been missed by many but good post