The biggest beneficiary of all this is the United States. Look, a Barbie doll costs 20 but China only gets about 35 cents of that.
More Quotes from Dong Tao:
These are unprecedented surplus volumes, reflecting the structural changes of China becoming the factory of the world.Dong Tao
China has become one of the forces lifting these two countries out of recession.
Dong Tao
The austerity program ... slowed bank loans and undermined the cash flows of weak developers. However, it did not do much to halt domestic hot money, which appears to be returning in full swing.
Dong Tao
This is clearly not what the government expected.
Dong Tao
Within the investment data, government-sponsored infrastructure investment projects are in full swing. But the real story is the sharp rebound in the real-estate sector. The rise of property prices in second-tier cities has now evolved into a national event.
Dong Tao
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