China is outrunning the Global Recovery
Many Buyers and a China outrunning the Global Recovery and still looking ahead
Many investors are focusing on China's recent moves to curtail lending and cool its economic growth, but in doing so they're forgetting that the Chinese economy has withstood the financial crisis better than any other economy in the world. And it remains investors' best bet.
'When the financial crisis forced the neoliberal economic system into a dead end, the shortcomings of the capitalist system were exposed for all to see," read a Jan. 5 front page editorial in the People's Daily, the central government's official mouthpiece. "But a China that was pushed to a crossroads proved its 'national capabilities' in taking on a crisis by answering with the advantage of the socialist system with Chinese characteristics.'
That statement is cavalier almost to the point of tastelessness but Beijing has earned those bragging rights. China's economy expanded by 10.7% year-over-year in the fourth quarter as most of the world continued to struggle with the aftermath of 2008's financial crisis. For the full year, the nation's gross domestic product (GDP) grew 8.7%.
That easily tops the government's 8% target and dwarfs the economic growth posted by other economies around the world.gents in Singapore are buzzing about the Singapore Government's recent efforts to cool the real estate market. Many are unsure or perhaps unable to understand its impact on the market.
Source Colin Archer, CHAIRMAN APEC INTERNATIONAL INVESTMENT GROUP LIMITED
