The Bankwatch

Tracking the consumer evolution of financial services

Latest World Bank Quarterly update on China suggests the machine will continue

The statistics in this review are quite staggering when we consider in the context of the problems we see in western economies.  The growth and accumulation of reserves are the antithesis of what we see.

China_Quarterly_June10

Key takeaways I got were:

  • real estate increases are significant and in bubble territory, but
  • little concern for inflation, however
  • (my observation) the degree of state-owned enterprises (SOEs) is significant and could herald unintended consequential problems

Written by Colin Henderson

June 17, 2010 at 00:55

Posted in economy

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