As the London Games end we can look back on China since the Beijing Games. How has China fared? Not so well, it seems.
http://blogs.the-american-interest.c...ut-peak-china/
quote:
“Little did we know that China paid a huge price for a misguided and wasteful stimulus program.”
Taxcutter says:
Sound familiar?
Quote:
“…the proportion of the Chinese population of working age peaked in 2011 and began slowing this year. The share of the elderly population is rising.”
Taxcutter says:
Sound familiar?
Quote:
“…China has backed away from market reforms in the last decade and embraced a version of “state capitalism” that emphasizes the state far more than it does capitalism. But as state-run entities have become more powerful, their political backers—and financial beneficiaries—have an even greater stake in blocking attempts at reform.”
Taxcutter says:
GM, Solyndra…
China has other problems. Their built-in government corruption makes Chicago and Mexico look honest. This is already causing internal turmoil.
Here’s another view.
http://thediplomat.com/2012/08/09/su...eady-peaked/2/
Just like Japan in the 1980s, China has made its run and may be finding its limits.


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