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| China-Japan-Koreas |
| Crash landing coming for China |
| 2004-11-12 |
| Posted by:tipper |
| #3 Also logical if one actually draws the correct conclusions and has the will to fix the problems. Our friends the Japanese still haven't gotten around to mending their banking system and it's been...what...15 years or so. Given how the central government in China tries to control information and stifle open debate, color me skeptical. |
| Posted by: Dreadnought 2004-11-12 4:24:42 PM |
| #2 But because of massive over-investment, lack of financial system sophistication, rigidity of a centrally planned economy, and staggering and growing inequalities, a hard landing seems inevitable. ...Because ultimately, the Chinese economy will emerge even stronger from the lessons it learns from this cycle. It's only logical. It's logical if you assume that China can address the economic problems enumerated without political repercussions. A dubious assumption. |
| Posted by: Mrs. Davis 2004-11-12 2:33:33 PM |
| #1 once China works its way through this cyclical event. Because ultimately, the Chinese economy will emerge even stronger from the lessons it learns from this cycle - Good article with a sound conclusion. There's one hummdinger of a financial crisis coming. |
| Posted by: phil_b 2004-11-12 2:20:29 PM |