China’s 10% Growth Rate Is Over.Period.
Your weekend listening; Subscribe to the Economists recorded reading of the entire issue from last week, which gives you a clearer view of whats in store for China. The inflation is still high, and the 10% annual growth rate of the last decade is going to wither to under 5% by 2014 or so, according to the Economist. The innovation necessary to boom a consumer economy is questionable. The state banks have probably been loaded with questionable loans. Far too many old people will have to be supported financially, a serious drawback to the consumerization of the economy. There could, as well. be growing social unrest and a not sure thing transition to power of gthe next generation of leaders. A tall, tall load to manage smoothly. In fact, the Economist more or less feels the days of double digit growth for China are over. Period.
This is a completely contrary against the grain opinion by the finest publication in the world. And it comes across in much clearer, fuller view by listening to it rather than reading it. It is definitely the most pressing food for thought over this holiday weekend. For it put the rub to the automatic US investment view you must be over-weighted in the most dynamic emerging market in the world.
Other exemplary pieces I found fascinating and by a wide margin strong probing analysis of both the Greek debt quandry and the Massachusetts health plan. The facts and figures about the impossibly trend of higher health costs in the state of Massachusetts are most worrying. The dangers are underscored with the numbers of dollars involved and the future trend which is not good fior our financial health to put it miuldly.
I recommend subscribing to the weekly Economist by recording rather than reading the actual magazine, because those crisp British voices and the material make their point strongly and more absorbing than reading it.
Similar Posts:
- ADP Report – It’s Like Getting Wrecked on Your Way to the Bachelor Party
- Coca-Cola, with eyes on the Shanghai Stock Exchange
- Aetna leads five-foundation study of healthcare quality in Connecticut
- Solutions to EU Crisis
- Causes of Boom and Bust Cycles
- Penny Stock on Fire: China America Holdings
- Chinese Passenger Train Sets Speed Record
July 4, 2011
|
Posted by Connor Woolley
Categories:
Recent Comments