China: I Still Think its Money, Not Pork; Credit is Contracting Very Rapidly
December 13, 2008 at 05:48 AM EST
In all the worry about the trade numbers I haven’t discussed another data release last week which, until recently, would have been the most important piece of economic news for me. It was only a few months ago that we were intensely debating the cause of rising inflation in China. Now, inflation is clearly receding. [...]