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  • mghzhombre mghzhombre Nov 30, 2009 8:49 PM Flag

    Dubai World’s Debt Not Guaranteed by Government (Update1)

    Then there's China

    More on China's excess capacity problem.

    The world has changed; but China has not. China has responded to the world financial crisis with what seems to be great success. But this is an illusion. China’s solution – a surge in spending on investment – will create greater excess capacity. China’s high-savings, high-investment economy is costly for its people and destabilizing for the world. The time for a radical reform is long past.

    bodes ill for commodities.

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