Material Stocks Rip Higher as China Unleashes the Dogs on War on Slowing Growth (X) (FCX) (AA)
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China Approves $157 Billion in Infrastructure Spending
September 7, 2012 7:46 AM EDTChina's government has approved 60 projects valued at $157 billion in an effort to reboot the economy and turn the tide on slowing. The projects were approved by the National Development and Reform Commission and are expected to be fast tracked projected, not "new" projects, according to reports from Reuters. Analysts say... More
Goldman Sachs Cuts Growth Outlook on China; Says Problems Go Beyond Cyclical (FXI)
September 6, 2012 9:46 AM EDTGoldman Sachs is getting a little bearish on China today, cutting growth expectations in arguably one of the fastest expanding economies in the world.
According to Goldman, China's economy has stabilized over the last few months, with the deceleration of construction-related activities as well as weakening global... More
