Michael Buchanan, ofGoldman Sachs, estimates that since 2004 China'sexcesscredit (thegap betweenthe growth rates of credit and nominalGDP) has risen by lessthan in mostdevelopedeconomies.
The BBC's MichaelBuchanan, at the trial in Santa Maria, California, says a police officer's testimony about a card found during a search of Neverland in November 2003 seems to bolster the defence case.