China's miracles is one that is built on shifting sand. Yes, we know—Starry-eyed investors and a certain gray-haired con man named Bernie aren't responsible for the 2nd largest economy in the world. But there are some striking similarities that should make you think twice about the direction China is headed, and I am serious.
Consider this, China's economy (according to China) needs 8% annual growth, just to keep the roughly 16 million new people entering the work force from rising in jobless protest—and to keep up with climbing wages and to sustain a growing retired population. A combination of exports, loose lending practices, super low margins, and government spending help keep up the growth.
Now, does that sound healthy to you
References
1. World Bank
2. Stratfor
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