China’s economy will stampede into the Year of the Ox thanks to Beijing’s enthusiastic use of its favourite prod: big licks of credit.
The headline numbers from China’s January credit data look impressive at first glance, and will embolden China bulls and Australian resource companies looking for evidence the world’s second largest economy can deliver on forecasts for 8 per cent growth this year.
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Robert writes on companies and markets. He is a former New York and Shanghai correspondent, and has worked in Hong Kong. Email Robert at robertguy@afr.com.au
