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China’s $600 billion stimulus package will yield results

China is holding its ownregarding economic growth because the government is pumping massive amounts of government money into the economy in order to make up for the loss in trade.  What does this mean for China, Chinese shares and the global economy?

The Bloomberg video below makes the bullish case for China and Asia more generally.  (Disclosure: I have previously said China’s growth rate would trough at 2%, but this is looking relatively pessimistic at this point – Standard Chartered is calling for 6%.  I am sticking to my view for the time being. But, the bullish case for China is looking better every day.)

About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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• Jamie Galbraith: Stimulus not enough 26 Feb 2009
• Obama’s stimulus bill is a tough sell so far 7 Jan 2009
• Nouriel Roubini: Will massive stimulus ward off stag-deflation? 12 Dec 2008
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• Conoco Phillips’ $34 billion writedown makes me bullish 16 Jan 2009