WG: Recognizing the End of the Chinese Economic Miracle - Geopolitical Weekly

[Paul Nellen]

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Betreff: Recognizing the End of the Chinese Economic Miracle - Geopolitical Weekly

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Enjoy George Friedman's Geopolitical Weekly for free this week. Become a full subscriber to access his column every week. Recognizing the End of the Chinese Economic Miracle By George Friedman Major shifts underway in the Chinese economy that Stratfor has forecast and discussed for years have now drawn the attention of the mainstream media. Many have asked when China would find itself in an economic crisis, to which we have answered that China has been there for awhile -- something not widely recognized outside China, and particularly not in the United States. A crisis can exist before it is recognized. The admission that a crisis exists is a critical moment, because this is when most others start to change their behavior in reaction to the crisis. The question we had been asking was when the Chinese economic crisis would finally become an accepted fact, thus changing the global dynamic. Last week, the crisis was announced with a flourish. First, The New York Times columnist and Nobel Prize-recipient Paul Krugman penned a piece titled "Hitting China's Wall." He wrote, "The signs are now unmistakable: China is in big trouble. We're not talking about some minor setback along the way, but something more fundamental. The country's whole way of doing business, the economic system that has driven three decades of incredible growth, has reached its limits. You could say that the Chinese model is about to hit its Great Wall, and the only question now is just how bad the crash will be." Read More »      New to Stratfor? Get these free intel reports emailed to you. If you did not receive this report directly from us and would like more geopolitical reports, join our free email list.

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