"No enterprise is more likely to succeed than one concealed from the enemy until it is ripe for execution." Niccolo Machiavelli
Tuesday, 8 May 2012
Global Economic Outlook: Case Study - China
A DIFFERENT WAY OF LOOKING AT CHINA
Hard landing, soft landing, civil unrest, dominant economic superpower – the forecasts flow freely regarding China. The fact that good data is hard to come by regarding China does not seem to inhibit many outside observers. In this piece I will look at China through the lens of economic structure, Chinese history and culture—concepts which a number of observers often overlook. My general conclusion is that Chinese GDP growth rates are about to undergo a gradual but nevertheless perceptible decline. But I now believe a hard landing crash is unlikely, assuming that Europe does not totally disintegrate and the US does not roll over into a full scale recession.....
By Peter T Treadway (The Dismal Optimist)
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