Beware the middle-income trap
Thanks to some China Bull reports,lot of people take it for granted China is going to overtake USA. Check this Interesting article on Economicst.
But will they consume enough? CHINA’S LEADERS ARE usually shy of telling things as they are, but the prime minister, Wen Jiabao, put it bluntly when he described China’s economy in 2007 as “unstable, unbalanced, unco-ordinated and unsustainable”. Some foreigners may extol China’s handling of the global financial crisis, […]