The End of China’s Economic Miracle?

Originally posted on Peace and Freedom:

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After four years in China, a reporter is pessimistic about its future.  

After four years in China, a reporter is pessimistic about its future. Imaginechina/Corbis

By Bob Davis
The Wall Street Journal

On a trip to China in 2009, I climbed to the top of a 13-story pagoda in the industrial hub of Changzhou, not far from Shanghai, and scanned the surroundings. Construction cranes stretched across the smoggy horizon, which looked yellow in the sun. My son Daniel, who was teaching English at a local university, told me, “Yellow is the color of development.”

During my time in Beijing as a Journal reporter covering China’s economy, starting in 2011, China became the world’s No. 1 trader, surpassing the U.S., and the world’s No. 2 economy, topping Japan. Economists say it is just a matter of time until China’s GDP becomes the world’s largest.

This period also has seen China’s Communist Party name a powerful new general secretary, Xi Jinping

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