This is an Asia Times analysis of the China economy and what the Chinese economists face in trying to sustain growth while containing factors which are indicators of overheating. For those who would like a basic lesson in global economics this is a good read.
Over the past 20 years, the world has witnessed one of the most remarkable economic transformations in human history. China, home to 1.3 billion people, has been expanding its economy by more than 8 percent every year since 1980 in its endeavor to pull its millions out of millennia of poverty.If it succeeds it would be the greatest leap to prosperity ever, to be emulated elsewhere. But what if it fails?