China stimulus worries economists

Fears of state and bank's cash injections' inability to bring long-term growth.



    China's economy has bounced back from the global financial crisis, expanding 8.9 per cent in the third quarter.

    But the country's success is largely down to a massive government stimulus and banks that are lending money to just about anyone.

    As Melissa Chan reports from Beijing, neither phenomenon can go on indefinitely.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    The priceless racism of the Duke of Edinburgh

    The priceless racism of the Duke of Edinburgh

    Prince Philip has done the world an extraordinary service by exposing the racist hypocrisy of "Western civilisation".

    Why a hipster, vegan, green tech economy is not sustainable

    Why a hipster, vegan, green tech economy is not sustainable

    Improving eco-efficiency within a capitalist growth-oriented system will not save the environment.