China’s growth — economic or accounting miracle?
August 31, 2009
SINGAPORE, Sept 1 — By now, most investors would be familiar with the China growth story — possibly 10 per cent GDP growth which has powered the country’s stock markets’ rise of more than 80 per cent this year alone. Even though there has been the occasional warning about a speculative stock market bubble, there is a smug belief that because this year is the 60th anniversary of the founding of …
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China’s growth — economic or accounting miracle?
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