China’s recovery accelerated in the third quarter as a result of the government’s massive lending and investment programme, with the economy growing at an annual 8.9%. The rapid rebound is already raising concerns about asset price bubbles and inflation. However, officials said on Thursday the government was not ready to withdraw its aggressive stimulus. See also Lex, here, and FT Alphaville on China’s ‘baozai’ economy.

This entry was posted by Gwen Robinson on Friday, October 23rd, 2009 at 3:13 and is filed under Capital markets. Edit this entry.