China Going Back T0 2011

Maybe because China is so over-exposed to the risks, politically as well as along other lines, the Chinese haven’t had the luxury of fooling themselves into calling what isn’t a recovery a recovery as have Western officials (completely detached from the consequences of their cumulative, ongoing failures). They hadn’t figured it all out all at once, of course, but you can see their evolving thoughts and expectations starting the very next year.


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