Word: china
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...pictures of the making of modern China...
Read 5 things the U.S. can learn from China...
Last week, as U.S. President Barack Obama was preparing for his first visit to Beijing and the China-as-rising-superpower meme was center stage, a story on Politico.com posed a provocative question: Is China headed toward collapse...
...even that it was mostly a mirage. Chief among these naysayers is billionaire hedge fund investor Jim Chanos, who famously sold Enron short in 2001 after concluding that the rosy reports and projections about the company were not based on facts. He has come to a similar conclusion about China, according to Politico.com, and is shorting the country just as he did Enron. (See pictures of the making of modern China...
...think the [China miracle] story is getting harder and harder to believe," Chanos said on CNBC in September. "You have to keep in mind that the last command economy that really saw this kind of growth was the old Soviet Union and what happened was the misallocation of resources into inefficient plants, dams that burst, nuclear plants that had accidents and so on and so forth, as well as the fairly large defense budget," he said. "China's heading the same...