China's Growth Story... Don't Look For A Happy Ending!
![China's Growth Story... Don't Look For A Happy Ending! China's Growth Story... Don't Look For A Happy Ending!](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/f42989f57f192ec94aaefef8d21e9cfe-482x290.png?itok=vZmzsIyc)
Authored by Chris Hamilton via Econimica blog,
Many economists suggest China is on the cusp of significant growth in domestic consumer demand.
That this rising domestic demand coupled with continued growth as the global exporter will push the global economy further. However, I'll briefly show why neither of these outcomes is remotely likely.
Problem #1- China as Consumer: