Just saw this quote on China’s economy and liked it so much, I’m going with it:
“The reasonable bulls and bears among us agree on most of the facts,” Northwestern’s Shih said. “But at the end of the day, we disagree on the Chinese government’s ability to make tough changes.”
It’s from an LA Times article, entitled, “Predictions of an economic collapse in China are in vogue,” which says that the pendulum has swung so far regarding China’s economy, that the gloom and doomers may actually have gone too far.
I do find that most people agree on the shortcomings inherent in China’s economy and the dispute centers on whether the Chinese government can fix it enough for it to muddle through or will it fall off into a full-fledged tanking. What do you think? I think that if the worldwide economy picks up and if China does not move too far away from being the place for cheap goods, it will make it. Otherwise, I too have my doubts. Et tu?
