China’s Economy Is Not Normal. It Doesn’t Have to Be.

China’s extraordinary growth over the past few decades has spawned two major lines of analysis. One school of thought holds that China is a rising economic power poised to conquer the world. The other argues that China’s economy has become so distorted that it is bound to collapse or, at least, as a former United States Treasury secretary suggested, “regress to the mean.” … http://ceip.org/2pFI1BS

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