China lending rate rise of 0.25 is, IMO, meaningless unless followed up by more of same, and topped of with raising reserve requirement, etc, etc.
Back on highway, from Tianjin to Beijing.
Checked out the Tianjin harbor industrial park, started in 2003, with land reclamation from sea, now 2 years away from all infrastructure being done, already have some fair sized factories working, and just signed hush hush with 'large fortune 500-scale French nuclear engineering group'. Duh.
The park now has 1.2m folks, going to 3m.
Am wondering whether such infrastructure investment has any material thing to do with the USA-centric econo-financial-monetary failing-state happenings. Frankly, yes, but truthfully, not very much, be my suspicion.
Buychina, getgold. |
