Chinese stimulus plan – defend and spend
Don’t burst the bubble…
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By Alex Lennane
The figures from China are on the rise again, with GDP for the first nine months of this year showing growth of 7.7%, while industrial output rose 10.2% in September, year-on-year. But analysts are warning that the good news may not continue in the fourth quarter. A “complicated, volatile and severe” external environment could mean the growth is unsustainable. The rise is said to be a result of government stimulus over the summer.
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