Beijing is becoming like a massive aid donor. It will face exactly the same problems as the World Bank faces aiding Third World countries.
More Quotes from Stephen Green:
I don't think this out of control. I would say, given that most people are expecting a slow down in the U.S. this year, they probably wouldn't want to put the breaks down too hard.Stephen Green
All of these things are what foreign competitive institutions are good at and what Chinese institutions lack.
Stephen Green
They've been slow on opening the floodgates to allow more capital out of the country because even though now there are clear reasons for bringing capital into China, some day people will want to get out of the yuan - whether it's for safety or a higher return.
Stephen Green
Most of all, they'd like to control the overall quality of growth, not to slow it down.
Stephen Green
This could give the senators more meat for their argument.
Stephen Green
It's all good. A bigger economy means all the dangerous ratios, such as investment as a percentage of G.D.P., all fall. And they are usually cited as showing that the Chinese economy is in danger or headed for a fall.
Stephen Green
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