David25,
Spot on with those remarks.
Chinese GDP growth is approx 7.9% (from memory)and that is on the back of a massive decline in exports.
So whats powering China's growth?....The answer is huge government stimulus. The growth in China is not being powered by demand from the rest of the world, but from massive government spending.
Is it enough to lift the world from a global recession and is it sustainable....hmmmmm.
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