ASSESSMENTS
China: Stimulus Plans and Speculation Realities
Feb 18, 2009 | 20:09 GMT
Chen Liang/ChinaFotoPress/Getty Images
Summary
A surge in bank lending in China has followed from the central government's economic stimulus efforts. Yet evidence is emerging that much of the new loan money is being spent on speculation rather than stimulus projects — and this is in addition to the risks inherent in China's looser lending policies.
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