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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (22423)1/29/2005 6:00:27 PM
From: RealMuLan  Read Replies (5) of 116555
 
Thanks, Mish. A good article, although I would like to make up a couple of points.

1) China never had any intention to slowdown across all sectors. It only wanted to slow down in some overinvested sectors, such as steel, real estate...

2) Inflation is not number one concern for Chinese gov. unless it goes to double digits since majority of farmers benefit from the inflation;

3) The underground private "banks" have watered away a lot of gov. effort of trying to slow down. It is estimated that there are > 1 trillion Yuan nationwide invested in those underground banks, almost 10% of China's GDP. So a lot of loans cut off by the gov. were lend from those underground banks. This year, to clean up these underground banks has a high priority for the gov.
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