30.03.2010 - The return on Beijing's building boom
From WSJ: Investors are fretting over the prospects for China's economy. They're worried the government's stimulus spending has resulted in industrial overcapacity, wasteful infrastructure projects and real-estate speculation. These factors, they say, will lead to diminishing returns on capital and a spike in bad debts, eventually pulling China's growth rate down. But the data don't support this doomsday scenario.....................................Full Article: Source
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