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With
the help of data for the first three quarters
of 2009, this note seeks to examine the
nature of Chinese recovery. Examination
of Chinese macro data shows that three
features of the Chinese recovery process
are undeniable: that the recovery has
been state led, investment led and tertiary
sector led. Stock and real estate market
boom has accompanied the growth process
but does not seem to be the major driver
of growth in this period.
November
23, 2009.
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