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China begins stimulus exit

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posted on Jan, 11 2010 @ 09:07 AM
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China's move to raise the cost of three-month bills will probably lead to the nation's first interest-rate increase in almost three years by September, a survey of economists showed.


Premier Wen Jiabao’s government may keep the increase in borrowing costs this year to less than 1 percentage point because it wants to ensure a sustained economic rebound.

www.bloomberg.com...




posted on Jan, 11 2010 @ 09:07 AM
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So China basically created $585 billion of additional wealth out of thin air. And is now charging it with higher interest to stimulate it even further and avoid runaway inflation. Nice. up:

The same thing cannot be done in the US because it will hurt businesses.

www.bloomberg.com...



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