Bloomberg says that data released over the weekend from China show that its economy is not facing a hard landing.
China’s record imports and a rebound in lending signaled strength in demand that offers a bright spot in a global economy contending with Europe’s debt crisis and weakening U.S. job gains.
Shipments from abroad jumped 30 percent and new local- currency loans were a more-than-forecast 548.5 billion yuan ($86 billion), government reports in the past two days showed...
Exports in August jumped a more-than-estimated 24.5 percent to $173.3 billion, just shy of the previous month’s record.
However, China did not escape the effects of a global recession in 2008 and is again unlikely to escape if another one comes around.
And investors don't seem too impressed by the prospects in China. The Shanghai Composite Index fell 1.2 percent last week to close at 2,497.75. It has lost 11.1 percent since the beginning of the year.
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