Opinion: China is juggling too many complex transformations
Published: Aug 26, 2015 9:39 a.m. ET
West doesn’t appreciate how much Beijing has accomplished in changing economy and markets
Getty Images
Like the Guangdong Acrobatic Troupe, China’s leaders are juggling too many things.
By Stephen S. Roach
Columnist
NEW HAVEN, Conn. (Project Syndicate) — There are many moving parts in China’s daunting transition to what its leaders call a moderately well-off society. Tectonic shifts are occurring simultaneously on several fronts — the economy, financial markets, geopolitical strategy, and social policy. The ultimate test may well lie in managing the exceedingly complex interplay among these developments. Is China’s leadership up to the task, or has it bitten off too much at once?
Most Western commentators continue to oversimplify this debate, framing it in terms of the proverbial China hard-landing scenarios that have been off the mark for 20 years.
In the wake of this summer’s stock-market plunge and surprising devaluation of the renminbi USDCNY, -0.2592% the same thing is happening again. I suspect, however, that fears of an outright recession in China are vastly overblown.
READ MORE: http://www.marketwatch.com/story/china-is-juggling-too-many-complex-transformations-2015-08-25
***
Chân thành cám ơn Quý Anh Chị ghé thăm "conbenho Nguyễn Hoài Trang Blog".
Xin được lắng nghe ý kiến chia sẻ của Quý Anh Chị trực tiếp tại Diễn Đàn Paltalk: 1Latdo Tapdoan Vietgian CSVN Phanquoc Bannuoc .
Kính chúc Sức Khỏe Quý Anh Chị .
conbenho
Tiểu Muội quantu
Nguyễn Hoài Trang
30082015
___________
Cộng sản Việt Nam là TỘI ÁC
Bao che, dung dưỡng TỘI ÁC là ĐỒNG LÕA với TỘI ÁC
No comments:
Post a Comment