The recent slump in Chinese markets has set off alarm bells across the world as indexes in the world’s second largest economy had soared this year. China’s stock markets either under-performed or matched expectations when its economy was booming and began to surge when the economy started to show signs of a slowdown since the second-half of last year, showing …
One Man’s Opinion: Is The Chinese Economy Experiencing A Fundamental Shift?
China’s old economic growth model is indeed running out of steam, and the Chinese government is in the middle of transitioning to a new model which is not just based on low-cost, low-wage, labor-intensive, manufacturing for export and a whole bunch of state investment, said Kevin Rudd, President of Asia Society Institute and former Prime Minister of Australia. The transition …