china boom still has plenty of momentum, page-4

jantimot wrote You must CLEARLY UNDERSTAND that that has NOT been established. ...mmmm

a few points as to why I disagree
The new package will wind up being about 25 per cent as large as the Great Stimulus

They are only providing a measured response


cut its key interest rate from 6.56 per cent to 6 per cent Imaging if they reduced it to US or Euro level - they don't want to overheat

Beijing's tax take has risen from 11 per cent of nominal GDP in 1992 to 20 per cent in 2011.

The economy is much more established now
It has a large consumer base and much less reliant on the outside than it used to be

It has a huge pool of educated and connected labour force coming out of its schools desperate to succeed - which it did not have 20 years ago

The Govt purposely slowed the economy down, but it has plenty of gas left in the tank

China is well set up to grow for a long while yet