East Asia Forum — China's Changing Economy...it will Take a While


Cutting through the hype about China being adrift economically and financially. They have a plan for rebalancing away from investment for export to domestic consumption and expansion of the service sector —  and they are working the plan.

A lot of the nonsense about the Chinese economy coming from the West is based on the same neoclassical economics that is hobbling growth in the West owing to "expansionary fiscal austerity" to bolster confidence. China is not buying into that nonsense. Apparently, morons are not in charge there.

Economy Watch

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