On 2013-08-19, at 1:55 PM, raghu <[email protected]> wrote:
> On Mon, Aug 19, 2013 at 12:23 PM, Carrol Cox <[email protected]> wrote: >> Raghu: "But what about those investors holding paper promises who are >> expecting investment returns on all that ditch-digging. What will happen >> when they realize their investments are worthless?" >> >> Hasn't the answer to this question (whenever & wherever) it is raised always >> been the same: Not much. > > Really? Is that what happened with the subprime crash? > -raghu. Most debt in China is held by the central and local governments and state-owned companies, and the central bank and Even as China’s economy continues to lose steam, with a 7.5 percent rise in GDP from April through June, the second consecutive quarter of slowing growth, a rare bit of good news: Foreign direct investment into China shot up 20.12 percent in June over the same period a year earlier, rising 4.9 percent in the first six months to total $61.98 billion, the commerce ministry announced July 17. “The FDI increase proved the competitiveness of the Chinese economy and international investors’ recognition of the investment environment in China,” said ministry spokesman Shen Danyang, in a press conference in Beijing, the official Xinhua News Agency reported on July 17. Still, Shen cautioned against excessive optimism. “But we cannot conclude that China’s FDI has rebounded by simply looking at just a single month’s data. We expect the FDI in the second half to grow steadily,” he said. China’s FDI has grown for the past five months; that was preceded by monthly declines since June 2012. http://www.businessweek.com/articles/2013-07-17/chinas-surprising-foreign-investment-spike
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