Thursday, May 24, 2007
On April 16th Greg Weldon, of Weldon's Money Monitor, cited a report from the People's Bank of China revealing the largest growth of commercial lending in China's history. In the fourth quarter of 2006 China's commercial loan volume was 425 billion Yuan. During the first quarter of 2007, it topped 1, 423 billion Yuan, a 335 percent increase in 90 days! How likely is this performance to repeat for several more quarters?
Forget about China keeping the world economy going when the US stalls