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The argument is exactly that when China shifts to a nation of consumers it will not grow at 7.5% but at maybe 4%. Currently it is not a nation of producers it i
by justincormack 12y ago
The argument is exactly that when China shifts to a nation of consumers it will not grow at 7.5% but at maybe 4%. Currently it is not a nation of producers it is a nation of infrastructure builders, that is what is driving the growth, not production, the largest infrastructure investment (50% of GDP per year) ever seen. Consumer economies just dont grow that first continuously.