Asia-Pacific

Sep 10, 2012

China has big spending plans as its economy gets rougher

Is China indulging in another round of talks about new spending that it will find almost impossible to back with what's really needed -- cold, hard cash?

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

Is all that talk from the past three weeks — the death of the resources boom and the gloom about weak iron or prices — about to end? And have the gloomy Australian media missed the bus on a significant move by China late last week to stimulate the economy? Or is China indulging in another round of talks about new spending that it will find almost impossible to back with cold, hard cash? Lots of questions without real answers at the moment, except the latest data from Beijing do confirm the slowdown in the Chinese economy is getting rougher.

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