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08 May 2009


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may I have more detailed report on India, alongwith reasons there off?

Phil Goetz

Thank you; it drives me crazy every time politicians encourage consumers to spend more.

But I wonder what fraction of "investment" in India and China is really public monies directed into unprofitable projects by companies owned by well-connected people. I was in Kunming, China, in 2000; and there was a single fancy hotel for westerners, which had only three guests that I saw. They were building about ten more hotels just like it within a few blocks.

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John Ross

  • Is Senior Fellow at Chongyang Institute for Financial Studies, Renmin University of China

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