Obi-Wan Kenobi
/ 178.36.37.* / 2010-05-18 11:25
China has been the investment darling for the last couple of years. As US economic woes continued to mount and the EU ran into debt problems, many an analyst continued to talk about China as if it had decoupled from the rest of the world. The Chinese government, much like the rest of the world’s industrialized nations, injected billions upon billions of stimulus into their economy, sending auto sales, home sales and stock prices soaring. Chinese citizens, with an average income of roughly $4,000 a year, piled into the aforementioned assets in droves, looking to flip property and paper in the spirit of capitalist speculators here in the US. But, like the US, the dream of profits for the citizen proles will soon come to an end.