China’s Demise; is it Really Just Around the Corner?

Predictions of China’s implosion keep turning up on a regular basis, usually with the assurance that it’s just around the corner. Well, to celebrate her rise to spot number two among the world’s strongest economies, here’s yet another demonstration that, because a =b, and b=c, her collapse is a foregone conclusion. Wishful thinking? That’s what it’s always turned out to be in the past. It better happen pretty soon, or Gordon Chang, the prophet of doom who penned the article, will have egg on his face. He published a whole book on the subject back in 2001 promising that China would go belly up by 2011. He probably should have cut himself a bit more slack.

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