The trouble with China’s new five-year plan is that it attempts to solve problems while leaving their underlying structural causes unaddressed. In this it is not unlike the final Soviet five-year plans of the 1980s.
Mark A. DeWeaver
Check out www.markdeweaver.com for more commentary by this author. Mark A. DeWeaver, PhD, CFA, is a cofounder of the fund management company Ithaca Advisors, LLC, and the author of Animal Spirits with Chinese Characteristics: Investment Booms and Busts in the World’s Emerging Economic Giant.
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