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China purposely engineered its economic growth to capture the lions share of the reward, which leaves China with the lions share of the risk. Moreover with capi
by rdlecler1 11y ago
China purposely engineered its economic growth to capture the lions share of the reward, which leaves China with the lions share of the risk. Moreover with capital outflows at record highs the only money going back into China is sovereign so this shouldn't create a net flight of capital in the west that would lead to a liquidity crisis.
China's been in an economic boom for 37 years and for the most part people don't know what a bad market is. This is healthy for China. It will help shine the light on poor management. The question is whether the CCP will make the necessary changes which are antithetical to their stay-in-power strategy.
- rdlecler1 11y agoInteresting that this comment was downvoted...