China started applying its economic stimulus last November while the US was thinking about when the US Congress might act. And now we are starting to see articles in international publications such as ‘The Economist’, ‘Financial Times’ and the ‘Wall Street Journal’ that there is evidence the China stimulus is working on internal consumer and business spending.
Last Saturday’s ‘Wall Street Journal’ had a front page article on this subject.
http://online.wsj.com/article/SB123934751932407099.html
Chinese demand for crude oil hit a one-year high in March. Steel mills imported record quantities of iron ore in March. Cars sales hit a monthly high.
Articles in today’s ‘Wall Street Journal’ highlight upbeat news on the China property market and stock market.
