Friday, August 21, 2015

TODAY'S BIG NUGGET: China's Many Troubles Looking Forward

Why China will never be as rich as America (James Pethokoukis) from The Week
"... many economists don't believe China's self-reported stats — probably even less so given the country's current troubles. And experts aren't so sanguine about China's economic direction. China needs growth. Although it may be the second-largest national economy, it is still a poor nation. ... one study suggests Chinese productivity actually declined from 2008 through 2012. This is a terrible omen for the prospects of future Chinese growth."
This item came out before today's meltdown...

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