Increasing GDP numbers at the expense of building intolerable liabilities for our children, is like an alcoholic claiming that he is boosting retail spending.
The Chinese economy may have entered its current bleak state as long-term and short-term dynamics coalesced.
China has to adjust its workforce, demand and industries if it wants to move toward a higher economic development level.
China should not heed calls from some US and European politicians for a rapid appreciation of the renminbi, as this would harm the global economies.
"Housing for people" is an ancient Chinese utopia. In modern times, this idea has become the "right to housing". However, it does not mean that everyone should become a homeowner. Rather it means granting people access to decent housing as a basic right.
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