Interesting article by Ivo Vegter from the Daily Maverick:
The Chinese model is morbidly obese
The Chinese model is morbidly obese
South Africa wants to adopt 'the Chinese economic model', President Jacob Zuma is expected to announce this week. This would be a very grave mistake. The Chinese miracle is not what it seems. Just like with the American and European debt crises, this will become painfully clear soon enough. But sadly not by Thursday....