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	<title>China Financial Markets &#187; Fiscal package</title>
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	<description>Michael Pettis&#039; finance blog...</description>
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		<title>The RMB 4 trillion fiscal engine seems to be losing steam</title>
		<link>http://www.mpettis.com/2008/11/11/the-rmb-4-trillion-fiscal-engine-seems-to-be-losing-steam/</link>
		<comments>http://www.mpettis.com/2008/11/11/the-rmb-4-trillion-fiscal-engine-seems-to-be-losing-steam/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 09:34:10 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Balance of payments]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Policy]]></category>
		<category><![CDATA[Fiscal package]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=15</guid>
		<description><![CDATA[On Sunday I suggested that the newly-announced RMB 4 trillion fiscal package would cause markets to surge, but that the rally would not last very long as analysts began examining the numbers more closely. In fact the duration of the rally was even shorter than I expected. On Monday the markets did indeed surge, with [...]]]></description>
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		<title>Rising domestic demand? Declining domestic demand?</title>
		<link>http://www.mpettis.com/2008/10/30/rising-domestic-demand-declining-domestic-demand/</link>
		<comments>http://www.mpettis.com/2008/10/30/rising-domestic-demand-declining-domestic-demand/#comments</comments>
		<pubDate>Thu, 30 Oct 2008 13:12:51 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Policy]]></category>
		<category><![CDATA[Fiscal package]]></category>
		<category><![CDATA[Green]]></category>
		<category><![CDATA[GSMC]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=59</guid>
		<description><![CDATA[China’s stock markets keep bouncing around, sometimes in synch with the rest of the world and sometimes out of synch. Yesterday it was out of synch as it lost 2.9%, largely because a number of corporations announced lower-than-expected earnings growth. A useful chart I filched from yesterday’s Wall Street Journal Asia shows the slow-down: . [...]]]></description>
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