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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 393.24+1.1%Dec 11 4:00 PM EST
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To: TobagoJack who wrote (69970)12/25/2010 2:20:02 AM
From: elmatador  Read Replies (1) of 218461
 
China’s growth model ‘unsustainable’, faces a sudden slowdown unless it undergoes urgent economic and political reforms.

Yu Yongding listed rising social tensions, choking pollution, a lack of public services and an over-reliance on exports and investment, particularly in real estate, as threats to the country’s economic future.

....

As former head of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, a leading state think-tank, as well as a former member of the central bank’s monetary policy committee, Mr Yu has been influential in Chinese policymaking.

His retirement from most senior advisory roles allows him to speak more freely but his harsh critique also reflects a debate among policymakers before a transition in 2012 that will see much of the Communist leadership replaced by younger cadres.

“This is typical of what we see in the period before a leadership transition,” said Joseph Cheng, professor of political science at the City University of Hong Kong. “There are serious concerns among many reform-minded scholars that reforms have stagnated because leaders are preoccupied with jockeying for position.”

ft.com
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