Thursday, August 27, 2015

China: Defying the Laws of Economics?

China taught lesson about economic laws from the Daily Telegraph [of the UK]
"China is being forced to learn the hard way what traditional practitioners of market-based economics have known all along – that you cannot buck the markets and that economic development never proceeds in a straight line. The belief that China’s own peculiar form of authoritarian, state-sponsored capitalism could somehow defy the usual laws of economics always did look deluded."

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