Financial Times and China
  • As a rather conservative journal the Financial Times has always been rather negative about China. But this Jan 18 news item really does go too far.

    China records slowest growth for 10 years
    Gross domestic product expanded 7.8% in 2012, the weakest growth since 1999, dragged down by global woes and a domestic campaign to deflate a property bubble.

    Wonder what they would consider normal growth?

    Incidentally, remember how the pundits last year were all predicting China*s property bubble would burst just like Japan*s bubble of the late eighties? Well it did not happen. and they are all now very silent.

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