How China's stimulus is going

China's stimulus leakage

I have not read it in full yet, but think it might be of some interest to some views, so provide a link here.
May provide some comments later on.
"China's stimulus leakage", an Interview with Andy Xie by Business Spectator's Isabelle Oderberg, 15/10/2009: http://www.businessspectator.com.au/bs.nsf/Article/Andy-Xie-China-economy-US-Bubble-pd20091014-WT3KN?OpenDocument&src=sph
The article starts with the following introduction and summary:
Andy Xie, formerly Morgan Stanley's chief Asia-Pacific economist, is now an independent economist based in China. He tells Business Spectator's Isabelle Oderberg:
The China bubble is being driven by its property sector, which has been over-inflated by the removal of restrictions on multiple mortgage lending
As much as $US300 billion of China's economic stimulus may have flowed into its stockmarkets
China's key challenge is to find a balance between consumption and investment
The dollar's future will be dependent on what the Fed does with interest rates, but it has probably devalued enough
The Fed will raise interest rates in the first quarter of next year and is envisaging a 5 per cent inflation rate.