Wall Street concerns China reining in its economy

Washington Post, Jan.21, 2010 on page A17:

Concerns that China would slow its massive lending spree weighed on investors. "China is the reason the global eonomy got off the mat in 2009. They single-handedly saved global economic activity," Said Boockvar,equity strategist at Miller Tabak.

"If it's true that China is trying to manage the economy into a slower growth trajectory, that could have disconcerting impact on the global economic recovery,said Philip Orlando, chief equity markt strategist at Federated Investors in New York.

China's Shanghai composite index fell 3% Wednesday.

Page A16: China has rebounded strongly from the global downturn, but the government worries that heavy stimulus spending and bank leending jight fuel inflation. Regulators have ordered banks to control lending and analysits expect them to raise interest rates this year. Associated Press.

Francis Shieh aka Xie Shihao watching the developments to share with readers for Sino-American economics. Jan.21, 2010 at 12.16 p.m.