China's GDP will be on a par with the United States in just 15 years, says economist Lawrence Lau Juen-yee. The Chinese University of Hong Kong professor made his remarks in a recent Hong Kong Trade Development Council (HKTDC) interview leading up to the 17-18 January Asian Financial Forum in Hong Kong.
AFF 2011 Website: www.asianfinancialforum.com
I'd be worried about the possible distortions of the chinese economy due to political manipulation of the economy. Maybe deliberate keeping the yuan low for too long, not transitioninng from a export economy to consumer economy in a timely fashion. Another is possible corruption when there is collusion between politicians and business in devising economic growth.
redwhitedude 9 months ago