Once again we read an optimistic article about China and the Chinese miracle. We do not understand at this point how anyone looking at China can be positive about where this largest-of-all Asian economies is headed. Citing various kinds of industrial statistics is akin, in our view, to the kinds of numerical citations that might have been accumulated in 2007 in the West prior to the financial crash. The dominant social them could be seen as one which states that “China is a tremendous power
China Real Estate Glut Widens
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