Why the China Dream Might Be a Mirage
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April 30 (Bloomberg) -- If global economists are distraughtover the gloomy numbers coming out of China, imagine how XiJinping must feel.
China’s president, officially in the post for barely amonth, is still consolidating his power. At home, he confronts awidening rich-poor gap and endemic pollution, not to mentionbird flu and rivers overrun with dead pigs. Abroad, China’serstwhile ally North Korea is looking increasingly unhinged. NowXi faces intense pressure to retool the Chinese economy if hewants to build on gains the Communist Party has delivered overthe last 30 years.