China Has Peaked

Just a couple of years ago, China appeared rapidly heading for greatness. The Shanghai Composite index topped 6,000 in the fall of 2007 and the following summer the Opening Ceremonies of the Beijing Olympics, produced by master film director Zhang Yimou, dazzled the world.

Opening Ceremony for the Beijing 2008 Olympic Games. Photo: Flickr "hto2008"

Now the stock market has collapsed, inflation has taken off, and although its foreign currency reserves top $3 trillion, civil unrest is spreading.

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  1. Can Capitalism Still Deliver the Goods? | The Independent Agenda - May 2, 2013

    […] nearly 700 million Chinese have emerged from poverty and into the working and middle class, probably the greatest transformation of its kind in human history.  It’s also happening in other Asian nations and starting in […]

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