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Bank Lending, M2 Money Supply Soar in China; Premier Wen Jiabao calls for "Measures to Boost Confidence in Stock Market"; US vs. China Money Supply - Who is Printing More?

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Tue, 10 Jan 12 9:56 PM | 43 view(s)
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hinese stock have been on a 2-day tear as Premier Wen Jiabao has come flat out in support of the stock market.

Moreover, money supply in China is up the most since last April and new Chinese loans exceeded the estimates of all 18 Bloomberg economists. M2 rose 13.6 percent, the fastest pace since July.

Bloomberg reports China Stocks Rise Most in 3 Months on Loan, Money Data

China’s stocks rose the

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