Monday, January 11, 2010

A bubble about to burst: China

China has become the world's largest automobile market, with millions of Chinese taking advantage of a surging economy and buying cars. However, as the article points out, this sustained boom is in danger of going the way of America's ecomomic expansion and leaving a huge recession. The government put over half a trillion into the economy and has banks making many more loans than in the past...China's bubble is ready to burst.

By: Justin Lynch

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