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The fundamental problem is they are determined to maintain a growth rate that can no longer be maintained (developing economies can grow 7% while catching up, d
by LorenPechtel 5y ago
The fundamental problem is they are determined to maintain a growth rate that can no longer be maintained (developing economies can grow 7% while catching up, developed economies can't.)
While they could bail this out with the printing presses it's really a symptom of the underlying problem and that can't be handwaved away.
- imtringued 5y agoIn my opinion China won't face economic problems. At worst they will just chug along like Japan. What will happen is that they increasingly run into political problems. You can get away with a lot of sketchy things if you can promise your people that tomorrow will be a better day. Once the easy growth is gone China will have to figure out how to keep their people happy.
- LorenPechtel 5y agoThat's the problem--the easy growth *is* gone.