http://www.nakedcapitalism.com/2009/07/chinese-money-growth-producing-mixed.html Sat, 21 Nov 2009 22:38:01 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.nakedcapitalism.com/2009/07/chinese-money-growth-producing-mixed.html#comment-50275 mxq Fri, 10 Jul 2009 21:09:23 +0000 http://www.nakedcapitalism.com/2009/07/chinese-money-growth-producing-mixed-signals-limited-real-economy-results/#comment-50275 I can't help but think that touching that auction paper is like jumping in front of a freight train in order to pick up a lost dollar bill... I can't help but think that touching that auction paper is like jumping in front of a freight train in order to pick up a lost dollar bill…

]]> http://www.nakedcapitalism.com/2009/07/chinese-money-growth-producing-mixed.html#comment-50255 Max Fri, 10 Jul 2009 15:58:48 +0000 http://www.nakedcapitalism.com/2009/07/chinese-money-growth-producing-mixed-signals-limited-real-economy-results/#comment-50255 China's auto sales grew 48% in June. China's auto sales grew 48% in June.

]]> http://www.nakedcapitalism.com/2009/07/chinese-money-growth-producing-mixed.html#comment-50237 Sergei Fri, 10 Jul 2009 07:04:20 +0000 http://www.nakedcapitalism.com/2009/07/chinese-money-growth-producing-mixed-signals-limited-real-economy-results/#comment-50237 The central bank's policy is anything but "moderately" loose... The central bank's policy is anything but "moderately" loose…

]]> http://www.nakedcapitalism.com/2009/07/chinese-money-growth-producing-mixed.html#comment-50236 Sergei Fri, 10 Jul 2009 07:01:51 +0000 http://www.nakedcapitalism.com/2009/07/chinese-money-growth-producing-mixed-signals-limited-real-economy-results/#comment-50236 Actually, money growth is even more dramatic than the M2 yoy growth of 25.7% would indicate. Loan growth in first half of 2009 was RMB7.36trillion, or about US1.08trillion. Given that its annual GDP is around US$4trillion, that's a 25 percentage point increase in loan to GDP in 6 months, or 50% annualised. The authorities are really throwing everything but the kitchen sink at the slowing economy... Actually, money growth is even more dramatic than the M2 yoy growth of 25.7% would indicate. Loan growth in first half of 2009 was RMB7.36trillion, or about US1.08trillion. Given that its annual GDP is around US$4trillion, that's a 25 percentage point increase in loan to GDP in 6 months, or 50% annualised. The authorities are really throwing everything but the kitchen sink at the slowing economy…

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