My expectation is that China will eventually be forced into political reform by the growing power of the middle class and the business elite who are not part of the Communist Party structure. Otherwise it's all bets off for the Chinese economy in the long run. Hell, look at Japan. Even with a democracy, their patronage system cost them a decade of stagnation due to bad loans.
On 5/10/06, Sam <[EMAIL PROTECTED]> wrote: > > China might have a bit of trouble being an economic superpower. > http://www.theaustralian.news.com.au/story/0,20867,19067992-36375,00.html > > On 5/10/06, Robert Munn wrote: > > US consumers will become less of a driver of world economic growth over > time > > as Asia comes into its own economically. India and China will eventually > > drive the world economy, not the US. We will still play a part, as will > > Japan and the EU, but the future is East. > > -- --------------- Robert Munn www.funkymojo.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:206460 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
