Squaring circles

Six months after (?!!) announcing its stimulus, China has announced details of its funding, reports Caijing.  Now, how do we square this news with this one from FT ten days ago which said that local governments were unable to raise their share of financing, citing the National Audit Office?

I like the way Bloomberg begins this news item on economists revising up their China growth forecasts amidst opposing evidence:

China’s growth prospects have improved from three months ago, even after accounting for drops in steel and electricity output and the risk of a manufacturing contraction this month, economists’ forecasts show. [More here]

30 May 2009 | By V Anantha Nageswaran | Concerning China
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