The Chinese Economy’s Secret Recipe
While most major economies in their early stages of growth suffered crises, China’s story seems abnormal (or accidental), and has elicited periodic predictions of an “upcoming crash.” But there is nothing more abnormal about China’s 30-year unbroken pattern of growth than effective macroeconomic intervention in boom times.
https://prosyn.org/nGBRcjv
BEIJING – China’s GDP growth this year may approach 10%. While some countries are still dealing with economic crisis or its aftermath, China’s challenge is – once again – how to manage a boom.