As the London Games end we can look back on China since the Beijing Games. How has China fared? Not so well, it seems.
“Little did we know that China paid a huge price for a misguided and wasteful stimulus program.”
“…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.”
“…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.”
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.
Just like Japan in the 1980s, China has made its run and may be finding its limits.