Thursday, November 12, 2009

China: Government Planning At Its Worst

Nice work from Al Jazeera highlighting the lengths China has gone to in order to sustain its economic growth. China may have a very bright future, but investors ignore China's expensive stock market, urban real estate bubble, and manufactured economic statistics at their own peril.

The advantage to centralized decision-making is the speed with which decisions can be made. The downside is clear in the following video.

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