Far Eastern Economic Review, 1 Oct 2008, Brian Klein
China is widely believed to be immune from the economic shock waves making their way around the world from the U.S. to Europe and Japan. Although it is relatively unaffected by subprime mortgages and the credit crunch, China’s economy is actually facing a fundamental structural adjustment that has arrived much earlier than expected.
Decreasing foreign demand for inexpensive manufactured goods, the misallocation of vital investment, and product safety concerns are straining China’s manufacturing base and challenging the tenuous linkages between continued economic growth and a rising middle-class.
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