According to its latest projections, the IMF no longer sees China as the main source of imbalances in the global economy. This column argues that fears of a stalling Chinese economy are exaggerated, and that sustained and more balanced Chinese growth will actually be a rare nugget of good news for the global economy.
Read it at Vox.eu
China: No longer the villain
Marco Annunziata
I like this from the conclusion:
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•If China succeeds, it will upset the existing balance of economic power."
Really smart stuff. I wish I were smart so I could go work for those people.
Never hurts to state the obvious. We see from our experience with MMT and the mainstream that many people are oblivious to the obvious even when it is made evident to them.
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