"Foreign Direct Investment in China Jumps 20%"
...so reports Bloomberg. From the story:
However, when "the world’s second-biggest economy" which "may expand more than 9 percent this year" has its bubble burst (as all bubbles must), it's going to be heard popping all around the world that poured so much of its wealth into it.
“The weakening global recovery and turbulent financial market will make China an even more attractive place for investors to park their money,” Fang Sihai, a Beijing-based chief economist at Hongyuan Securities Co., said before today’s announcement. “The China story will remain appealing for many years to come.”I suppose they can be forgiven be being a little full of themselves.
However, when "the world’s second-biggest economy" which "may expand more than 9 percent this year" has its bubble burst (as all bubbles must), it's going to be heard popping all around the world that poured so much of its wealth into it.
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