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We have heard the glib predictions of doom. China is growing increasingly less competitive. Its wages are rising and innovation faltering, landing it squarely in the ‘middle income trap’ that afflicts emerging economies with rising costs as they try to move up the value chain. Though it has poured money into R&D and modern equipment, productivity has stalle...
James Woudhuysen
ECONOMY
China is stepping up its monetary and fiscal measures to stimulate the economy. But how great are the risks? A January 2015 Deutsche Bank report states that ‘China will likely face the worst fiscal challenge since 1981’ as fast-falling land sales - long the lifeblood of fiscal revenue - result in local government income contracting by two per cent. GIS guest expert...
Cameron Frecklington
POLITICS