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	<title>China Financial Markets &#187; Chancellor</title>
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	<description>Michael Pettis&#039; finance blog...</description>
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		<title>China’s loan growth isn’t boosting my confidence in China’s “green shoots”</title>
		<link>http://www.mpettis.com/2009/06/30/chinas-loan-growth-isnt-boosting-my-confidence-in-chinas-green-shoots/</link>
		<comments>http://www.mpettis.com/2009/06/30/chinas-loan-growth-isnt-boosting-my-confidence-in-chinas-green-shoots/#comments</comments>
		<pubDate>Tue, 30 Jun 2009 10:18:34 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Fiscal debt and deficits]]></category>
		<category><![CDATA[NPLs]]></category>
		<category><![CDATA[CBRC]]></category>
		<category><![CDATA[Chancellor]]></category>
		<category><![CDATA[Rome]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=551</guid>
		<description><![CDATA[“China&#8217;s overall surge in credit in the first half of 2009,” an article in yesterday’s People’s Daily assures us, “is normal and healthy; however problems still exist in the structure, quality and flow of credit. China should continue to optimize credit structure and guard against potential risks.” Credible rumors suggest that new loans in June [...]]]></description>
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		<slash:comments>54</slash:comments>
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		<title>China’s savings problem and the consumption constraint</title>
		<link>http://www.mpettis.com/2009/06/20/chinas-savings-problem-and-the-consumption-constraint/</link>
		<comments>http://www.mpettis.com/2009/06/20/chinas-savings-problem-and-the-consumption-constraint/#comments</comments>
		<pubDate>Sat, 20 Jun 2009 08:49:56 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Balance of payments]]></category>
		<category><![CDATA[Consumption and production]]></category>
		<category><![CDATA[Economic growth]]></category>
		<category><![CDATA[Chancellor]]></category>

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		<description><![CDATA[I am, still trying to work out the implications for China of a rise in US household savings, but here is how I see it. I welcome comments that may help me refine or refute this argument. For the sake of simplicity I am going to assume that there are only two countries, the US, [...]]]></description>
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		<slash:comments>54</slash:comments>
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