Thursday, November 14, 2013

Now this is hilarious; the Washington Post maintains that the Chinese economy is running out of steam

"Many economists say China’s economic model is running out of steam and is far too reliant on government investment in infrastructure and a boom in credit. They are hoping to see measures to empower private entrepreneurs and encourage innovation, boost domestic spending on consumption and rein in free-spending local governments, but many worry that economic reforms will run up against powerful vested interests."