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The best thing said in the article is "Many people have been predicting a China crisis for a long time, and it has kept on not happening". Since China has a pla
by lyndonjohnsonbe 8y ago
The best thing said in the article is "Many people have been predicting a China crisis for a long time, and it has kept on not happening". Since China has a planned economy with a strong grip from the government, they could keep things going for a while. No planned economy has ever gotten so big
- simonh 8y agoThe state enterprise side of the economy is planned, but the private capitalist - sorry, communist with Chinese characteristics - sector accounts for 60% of GDP growth and half of fiscal revenue[0]. That strong grip does more harm than good IMHO. Just look at how appallingly badly they mismanaged their domestic stock markets over the last few years. [0] http://www.xinhuanet.com/english/2018-03/06/c_137020127.htm http://www.xinhuanet.com/english/2018-03/06/c_137020127.htm