China’s Growth Among Global Recession

It is no surprise that China has risen to economic preeminence, but thequestion remains, will it be able to keep up the pace? WorldFocus’Martin Savidge interviews the New York Times’ International BusinessEditor Marcus Mabry. Mabry says that the Chinese stimulus package, similar to the U.S.stimulus package, has largely been more effective than its U.S.counterpart because lenders have been instructed to lend money toindividuals and companies versus banks holding onto the money to recouplosses. That being said, there are talks of a possible real estatebubble in China, but Mabry says that no one will ever know until it’stoo late.

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