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	<title>China Financial Markets &#187; Steve Keen</title>
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	<description>Michael Pettis&#039; finance blog...</description>
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		<title>Stimulus – at what cost?</title>
		<link>http://www.mpettis.com/2009/06/08/stimulus-at-what-cost/</link>
		<comments>http://www.mpettis.com/2009/06/08/stimulus-at-what-cost/#comments</comments>
		<pubDate>Mon, 08 Jun 2009 08:24:29 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Fiscal stimulus]]></category>
		<category><![CDATA[Steve Keen]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=525</guid>
		<description><![CDATA[Today is the second day of the dreaded gaokao, the national college entrance exam that more than half of all Chinese kids in their age cohort will sit to determine whether or not they will go to university (just over 60% of the test takers will start college next September) and, much more importantly, which [...]]]></description>
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		<title>New trade and reserve numbers from China</title>
		<link>http://www.mpettis.com/2009/04/13/new-trade-and-reserve-numbers-from-china/</link>
		<comments>http://www.mpettis.com/2009/04/13/new-trade-and-reserve-numbers-from-china/#comments</comments>
		<pubDate>Mon, 13 Apr 2009 11:11:34 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Balance of payments]]></category>
		<category><![CDATA[Consumption and production]]></category>
		<category><![CDATA[Exports and imports]]></category>
		<category><![CDATA[Hot money]]></category>
		<category><![CDATA[Reserves]]></category>
		<category><![CDATA[Steve Keen]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=426</guid>
		<description><![CDATA[Exports in March dropped a less-than-expected 17.1% from the same time last year – below expectations of 20% and the 21.1% drop for the first two months of 2009. Most of the articles I read in the Chinese and foreign press including, not surprisingly, comments from the customs bureau, hailed this as a sign that [...]]]></description>
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