tag:blogger.com,1999:blog-53246864840716464.post4626498826981392855..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: Has the Chinese Economy Really Recovered? The Signs are MixedUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-53246864840716464.post-76006671354047828502009-06-05T14:05:14.381-07:002009-06-05T14:05:14.381-07:00Interesting post. To me it is obvious that China n...Interesting post. To me it is obvious that China needs to move it's economy from export to internal. Peter Schiff was talking about this in 2006. He goes into detail in his book Crash Proof. <br /><br />The central planners in China are probably resisting it because they want to still have a trade deficit to buy all of the raw materials/oil that they need. <br /><br />Funding their transformation will be easier for the Chinese, because thier central bank is part of the government. Ellen Brown has a great chapter on China. You can read most of the chapter here: http://tinyurl.com/p4fes6<br /><br />Unfortunately, the page where she describes how the Chinese central bank has stimulates growth by lending to business without requesting full repayment is not part of the preview.Michael Phttps://www.blogger.com/profile/00908950505174510197noreply@blogger.com