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Gary Shilling

Why China’s Heading for a Hard Landing, Part 2: A. Gary Shilling

China has become an economic giant because it has so many people who are producing moderate amounts. In most ways, however, China remains an underdeveloped country with political and economic policy tools that are crude by Western standards. Those tools can spur impressive growth --but they also mask some deep structural weaknesses in China’s economy.

It’s relatively easy for developing countries to grow by emulating the technology of advanced nations or, in China’s case, by forcing them to share it as the price of doing business or by .