What are the implications to India? Even before the 2008 global - TopicsExpress

What are the implications to India? Even before the 2008 global crisis, Lombard Street says, capital spending in China had already reached an unsustainable 42 percent of GDP. Then the regime responded to the crisis with an unprecedented investment surge, beginning with a $651 billion stimulus package in 2009. By the end of that year, capital spending had jumped to 48 percent -- where it remained until last year.

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