foreign exchange
Posted at 9:54am on May 12, 2008 China Overheats
No End In Sight
By blackhedd
Several worrisome trends in the Chinese economy that have been in place for nearly a year and a half are charging ahead with no end in sight. Here’s a news story about it.
In a word: inflation. China simply has too much money, and not enough economy. That’s putting tremendous strain on the government, which controls the economy tightly. And it’s opening up big questions about whether the country can continue its historically-unprecedented rate of change.
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