Who are the people rooting for China's 'collapse' and why?
By Robert Lawrence Kuhn | China Daily | Updated: 2016-02-24 08:05
The "China collapse" theory can be analyzed in three parts: What is the argument? Who are its advocates? Why does it resonate?
I explain why the theory is either misconceived or underdetermined, and at best wrongly categorizes complex, evolving issues under a simplistic, inflammatory title.
The "China collapse" argument is that the country's economy is facing a constellation of severe, debilitating forces: slowing growth, market volatilities, social imbalances, industrial overcapacity, excessive debt, rising wages, reduced competitiveness, overbuilt housing, unproductive infrastructure, massive pollution, insufficient State-owned enterprise reform, global uncertainties - the list is not short.
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