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Chinese data comes in about in-line, provides clarity to PBoC hike motivations

naufalsanaullah's picture
Submitted by naufalsanaullah on 10/21/2010 01:10 -0400



 

20101020

 
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Thu, 10/21/2010 - 20:01 | 668584 Stuck on Zero
Stuck on Zero's picture

Anyone willing to wager what percentage of Chinese borrowing is for job producing basic industry and what percentage is for frivolous items like shopping malls and condo towers?  Then guess what these percentages are for the United States.  My guess, from the numbers I've seen is that 95% of U.S. borrowing is for M&A, investing overseas and stock buybacks.  All job killing investments. 

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