Wednesday, March 17, 2010

China: the coming costs of a superbubble

Hmm...

China: the coming costs of a superbubble / The Christian Science Monitor - CSMonitor.com: "The world looks at China with envy. China’s economy grew 8.7 percent last year, while the world economy contracted by 2.2 percent. It seems that Chinese “Confucian capitalism” – a market economy powered by 1.3 billion people and guided by an authoritarian regime that can pull levers at will – is superior to our touchy-feely democracy and capitalism. But the grass on China’s side of the fence is not as green as it appears."

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