Institutional Investor (October 19)
2012/ 10/ 21 by jd in Global News
“Thursday saw a palpable sense of relief in global markets that China’s rather gentle slowdown is coming to an end.” There does, however, remain “the problem of finding a sustainable growth model.” China’s past growth was largely based on “heavy direct investment by the state, or by entities that enjoy strong state support.” This growth model is unsustainable. What will come next?
