China’s Big Fat Growth Facade
Russ Winter submits:
"A country that appears peaceful and stable may encounter unexpected crises. There are structural problems in China’s economy, which cause unsteady, unbalanced, uncoordinated and unsustainable development." – Chinese Premier Wen Jiabao, 2007
Today’s post does have extra links that I hope you’ll read, as this is not a post that one can just scan and do it justice. To set the stage, the first link is a short clip of Lewis Black’s famous, or rather infamous, comedy routine on economic stimulus. For China, especially, it is rather accurate.