There are those who believe Chinese growth will save the world from a double dip recession. It won't.
http://www.cnbc.com/id/38720752
The Chinese economy is a centrally planned economy bred by government control. It IS NOT free by any means. The government "promotes" growth by giving breaks and subsidies to companies, and then confiscating any amount of profit they want.
Chinese leaders still believe in totalitarian ideals. Their shift to what they call capitalism, which is a bastardization of the word, reminds me more of pre-World War II fascist Italy.
Centrally planned economies always falter. Whether the "plan" is communism or some hybrid capitalistic-fasco- monster, which the Chinese economy is.
Economies need a base of moral capitalism bred and legally supported by enlightened ideas like those of our constitution to flourish.
China will not save us. China is going to crash, probably before we do.
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