The Bain of China

Samantha Appleton / White House

Article Highlights

  • President #Obama is envious of #China’s economic model, yet even the Chinese know this envy is misplaced.

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  • If #China does not have a real financial sector soon it will be in a world of hurt, like Japan these past two decades.

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  • The real drivers of growth in #China have been the risk-takers who attracted capital from the informal financial sector.

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