Let's talk about the Chinese economy

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Eastoff

But it was a beginning.
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Basically I'd like to take the focus off arguing over our presidential election to come, and just talk about the chinese economy and how it's changed very recently.

There's one article.

another article

and in case anyone has the WSJ
link
 
From the first link:

Chinese leaders are grappling with a range of uncertainties, from the once-a-decade leadership transition this year that has been marred by a seismic political scandal, to a slowdown of growth in an economy in which deeply entrenched state-owned enterprises and their political patrons have hobbled market forces and private entrepreneurship.

“Many economic problems that we face are actually political problems in disguise, such as the nature of the economy, the nature of the ownership system in the country and groups of vested interests,” said Zhang Ming, a political scientist at Renmin University in Beijing. “The problems are so serious that they have to be solved now and can no longer be put off.”

On Thursday, China released data that showed its economy was continuing to weaken. Many economists have been urging the government to loosen controls over the financial system, to support lending to private businesses while reining in state-owned enterprises, to allow more movement in exchange rates and interest rates, and to improve social benefits.

Such changes would curb the state’s role, lessen corruption and encourage competition. But making them would involve a titanic power struggle. Executives of Chinese conglomerates, army generals, Politburo members, local officials and the “princeling” children of Communist Party elders have little incentive to refashion a system that fills their coffers.

(And we're moving toward what they have, no?)
 
From the first link:

“Many economic problems that we face are actually political problems in disguise, such as the nature of the economy, the nature of the ownership system in the country and groups of vested interests,” said Zhang Ming, a political scientist at Renmin University in Beijing. “The problems are so serious that they have to be solved now and can no longer be put off.”

It's a shame our politicians can't learn this...
 
link

It's hard to grow your economy when you have to replace bridges every year!
 
i've stated for some time that China's impending dominance is overrated. spend some time dealing with chinese people and you'll see why.

:MARIS61:

they are expanding and going to Africa, South America, etc.....but the way their culture is set up I don't think sustained dominance is in them as a nation. They will be a powerful force but they won't be "ruling the world" as people have inferred.
 

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