One Quarter’s Decline is a Euro Truthout..
Heard this morning on news bulletins here was how China’s latest reported quarter growth was DOWN – 10.3 percent as cf 11.9 previously – and how this containment “of inflation” was, according to a national-led government official to be required of trading partners.. [ punching above one’s weight is how savvy folks say it here 😉 ]
Interesting then that a somewhat different truth has outed in Europe.. as this BusinessSpectator bulletin makes clear..
European environment ministers have woken up to the truth – the perceived failure of Copenhagen has camouflaged China’s growing low-carbon investments.
Big states can have it both ways, of course, inflation control AND low-C growth. Especially with their big pile of dough. Yet in this case I happen to think not. And why? Bcos the big pile is tied into a massively huge housing bubble no one else is deemed worthy of knowing about… lest a China version of the West’s ruinous fiasco occur.
I sure hope it doesn’t, whilst hoping that its Euro-significant positives continue..