The ability of China to spend its way to at least 6% growth (ask Dr. Doom) or maybe even 8% annual GDP, is amazing. The war chest of (US $) savings they have i

The ability of China to spend its way to at least 6% growth (ask Dr. Doom) or maybe even 8% annual GDP, is amazing. The war chest of (US $) savings they have is monumental. However, don't expect miracles from China. Damn near every boom they've had has ended with a bust. First TVs, then washing machines, then cars, all boom then bust, and then boom again. That's why China keeps growing. But it's growth is bumpy and that's why China is not a place where you "park your money". All that centralized spending is not the most economical either. Sure infrastructure is almost always needed, but almost isn't the same as always.