Li Kegiang, the Vice President of China, warned that the Chinese economy is still struggling. “China’s economic recovery does not have a solid foundation, and we should not underestimate the difficulties,” Li said.
Those are cautious words and would worry me except they were accompanied by Premier Wen Jiabao’s assurance that he was ready to increase the size of its $585 billion stimulus package if necessary. The monetary Calvary is coming to the rescue.
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{ 1 comment… read it below or add one }
Tony, it looks like a BBT(Big Bear Trap) to me !!!
Hyping Gold when it’s heading for below $700
or Asian stocks when they are ready to tank right
along with US & Euro’ stocks is A BAD MOVE in
my view !!!
I hope you will print this Note,tack it onto your
wall and look at it in Jan.2010