Demographics are Important
For about a dozen years I've had what I call my "China Speech" which addresses the huge demographic changes in store for China and the rest of the world. Here is the Executive Summary: In my humble opinion, there is no path for China's economy to eclipse that of the western world - none. Why? Let me count the ways...an autocratic inefficient government, negligible property rights, no rule of law, foreign investment dropping off a cliff, and mountains of bad debt to name a few.
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