Talking bubbles, but spending more

China has settled into an unusual rhetorical contortion. Out of one side of the mouth, its officials speak publicly of asset bubbles, the risk of inflation and overcapacity in several industries. Out of the other side, they pledge to “unswervingly” continue implementing the country’s massive fiscal stimulus package and to keep credit loose.

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Other Articles on this Issue

• Funds Data

  China back in vogue

• The Big Call

  Domestic brand cars to ramp up market share

• Capital Intensive China

  Real Estate – Bubble, what Bubble?

• Postcard From No 528

  International board: a Barmecidal feast?

• Consumer China

  Internet ads – Search and Rescue

  Sohu – Buoyed by games

  Sina – Behind the curve

  Baidu – Search Successful

• Financial China

  Banks’ Net Interest Margin rebounding

  Bank regulator blinks on credit tightening

• Guest Column

  Banks, property and large caps to shine

• Forbidden City

  Renminbi internationalisation – The master plan

• The Best of Chinese Commentators

  Following the hot money

  How sustainable is the economic rebound?

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