Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Chinese stimulus cash is inflating new stock market bubble, officials warn

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Malcolm Moore
London Telegraph
Tuesday, June 30, 2009

Half of the 5.8 trillion yuan (£522bn) of stimulus loans issued by Chinese banks have flowed into the country’s stock and property markets, inflating new bubbles, according to senior Communist officials.

Under orders from the government, China’s banks have flooded the economy with new credit this year, advancing more money in the first six months than the total for 2008.

It is the biggest wave of money since the People’s Republic of China was founded in 1949. The loans are part of a stimulus package to spur domestic investment and consumption and help the economy through the financial crisis.

However, a significant proportion has been diverted into shares and property, with the Shanghai Stock Exchange rising 60pc since January.

Full article here

Chinese stimulus cash is inflating new stock market bubble, officials warn 290509banner

This article was posted: Tuesday, June 30, 2009 at 10:53 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The Truth About the NYPD Murders See the rest on the Alex Jones YouTube channel.

NYPD Cop Killer Inspired by ISIS? See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.