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July 12, 2010: It appears that China and the U.S. have the exact opposite problem. China’s economy is growing too fast, and property speculation and local government infrastructure projects are being restricted. Unlike the U.S. where billions are being borrowed from China to build infrastructure and prop up the real estate market. In a twist of irony Huang Qifan, the mayor of Chongqing, China has been quoted as supporting the supply side economics of Ronald Reagan. |