UPI.com 25 Nov 2008, MARTIN WALKER
The Beijing government's decision to pump $586 billion into new infrastructure investment appeared like manna from Keynesian heaven, a promise that China would continue to buy oil and steel and cement and keep world markets ticking along.
It will be a tall order. For all its headlong economic growth over the last three decades, China's GDP is just $3 trillion, about one-fifth the size of the U.S. or European economies. A country with only 5 percent of global GDP will have trouble hauling the rest of the planet out of recession. And there are three alarming reasons to question just how far and how long China will be able to bear this burden.
Read More
