Monday, August 15, 2011

"Foreign Direct Investment in China Jumps 20%" reports Bloomberg. From the story:
“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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