{"id":3586,"date":"2012-02-24T16:33:40","date_gmt":"2012-02-24T21:33:40","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3586"},"modified":"2012-02-24T16:33:40","modified_gmt":"2012-02-24T21:33:40","slug":"treating-china-as-an-enemy-telegraph-blogs","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/24\/treating-china-as-an-enemy-telegraph-blogs\/","title":{"rendered":"Treating China as an enemy \u2013 Telegraph Blogs"},"content":{"rendered":"

Ambrose Evans-Pritchard: China remains poor, with a per capita income of just $7,000. It faces the classic “middle income trap” in a few years time when the low-hanging fruit of catch-up growth is exhausted. The country will soon have to make the switch from copying technology to cutting-edge invention, the challenge that has defeated so many economies over the years and made a mockery of so many extrapolation curves.<\/p>\n

As the World Bank warns in its latest report<\/a> (out Monday), China risks coming down to earth with a thud unless it breaks the state stranglehold on investment.<\/p>\n

My own guess is that China will go through a nasty little hangover as it purges toxins from the great credit boom of the last five years, before settling down to more pedestrian growth rates. It will be a big economic power, but not so vast it upturns the whole global system. It risks becoming old before it is rich.<\/p>\n

via Treating China as an enemy \u2013 Telegraph Blogs<\/a>.<\/p>\n

Comment:~ The main threat from China is not military but economic. It has the potential to destabilize the global economy through its aggressive currency\/trade policies. If the major players are able to resolve this, we are likely to see a scale-back of current tensions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ambrose Evans-Pritchard: China remains poor, with a per capita income of just $7,000. It faces the classic “middle income trap” in a few years time when the low-hanging fruit of catch-up growth is exhausted. The country will soon have to make the switch from copying technology to cutting-edge invention, the challenge that has defeated so … <\/p>\n

Continue reading “Treating China as an enemy \u2013 Telegraph Blogs”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,5,29],"tags":[663,1539,2303],"class_list":["post-3586","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-economy","category-the-big-picture","tag-china","tag-geopolitics","tag-middle-income-trap"],"yoast_head":"\nTreating China as an enemy \u2013 Telegraph Blogs - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Treating China as an enemy \u2013 Telegraph Blogs - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Ambrose Evans-Pritchard: China remains poor, with a per capita income of just $7,000. 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The two believe that China's richest provinces, Beijing and Shanghai, are experiencing a slow-down in GDP growth (per capita) as they experience a classic middle-income trap, while China's poorer provinces continue\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3576,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/23\/new-push-for-reform-in-china-wsj-com\/","url_meta":{"origin":3586,"position":1},"title":"New Push for Reform in China – WSJ.com","author":"ColinTwiggs","date":"February 23, 2012","format":false,"excerpt":"An exclusive preview of an economic report on China, prepared by the World Bank and government insiders considered to have the ear of the nation's leaders, offers a surprising prescription: China could face an economic crisis unless it implements deep reforms, including scaling back its vast state-owned enterprises and making\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3635,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/27\/china-bystander-%e4%b8%ad%e5%9c%8b%e5%a4%96%e4%ba%ba-2\/","url_meta":{"origin":3586,"position":2},"title":"China Bystander: The middle-income trap | \u4e2d\u570b\u5916\u4eba","author":"ColinTwiggs","date":"February 27, 2012","format":false,"excerpt":"The arc of China\u2019s development is not that different from the rapid industrialization phase of countries such as South Korea, Japan or even, much earlier, western Europe and the U.S., even if the magnitude of China\u2019s arc is on an unprecedented scale. The country\u2019s well of cheap labor, transferred from\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17773,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/23\/it-could-be-on-the-scale-of-2008-smh\/","url_meta":{"origin":3586,"position":3},"title":"‘It could be on the scale of 2008’ | SMH","author":"Colin Twiggs","date":"January 23, 2019","format":false,"excerpt":"Harvard professor Ken Rogoff said the key policy instruments of the Communist Party are losing traction and the country has exhausted its credit-driven growth model. 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