http://finance.yahoo.com/news/China...2.html?x=0&sec=topStories&pos=3&asset=&ccode= Is this really sustainable? Let's assume the number is correct for argument sake (I know many here believe nothing that comes out from the government is true, let alone the Chinese government). Obviously it is due to massive government spending, but what will happen when the spending stops? Something has to give here...
How can anyone consider it REAL growth when the governments are stimulating everything. Come on already, so tired of it. Our gdp is being stimulated as well, of course the economy is going to show growth when trillions have to go somewhere. I just cant imagine what happens after all the free handouts are stopped. It has to happen sooner or later.
An 8.9% growth for China is not unusual. They're typically in the double digits. China's government has to take steps to keep their economy from growing too rapidly. It sounds like you don't know China very well ... do you?
8.9% GDP growth in these economic conditions is huge...Who cares what they were growing at before, this is what is happening NOW. Sounds like you don't know macroeconomics very well, do you? Massive government stimulus in action yet they are trying to keep their economy from growing too rapidly? Sounds fishy.