Three and a half decades after China veered from communism toward state-directed capitalism, Asia’s economic engine is running out of gas.
The Chinese economy is bogged down by an increasingly inefficient state sector and an explosion in debt. It has pretty much reached the limit of how much it can grow through exports, and its economic success story is threatened by environmental disaster and social inequality.
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Simon Denyer, The Walshington Post via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/g0yIyM7pGSI/
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