Last week, the Chinese government said the country grew nearly eight percent in the year to the second quarter. Beijing’s economic stimulus and record bank lending have proven effective and China is in a good position to emerge comfortably from the Great Recession.
Do the new figures signal China’s economic resilience? Or is it too much of a good thing? Some analysts fear the loose monetary policy will create asset bubbles and a rise in nonperforming loans.
Photo from Reuters.
