Book Authored (ISBN-10: 0824821599)

Book Authored (ISBN-10: 0824821599)
Sovereign Rights and Territorial Space in Sino-Japanese Relations: Irredentism and the Diaoyu/Senkaku Islands (ISBN-10: 0824824938)

Friday, January 20, 2012

Chinese Economy Controversy

Kevin Rafferty had an interesting article in the Japan Times (18 September 2011) titled “China’s Historic Rise (or Slowdown).” According to Rafferty there are conflicting theories on China’s economy.  One group of scientist predicts that China will become a super power overcoming the US economy someday.  Another group of scientists predicts that China faces an economic slowdown. The former is heading Arvind Subramanian, who believes that China is unstoppable. The latter is led by Michael Pettis, who claims that the Chinese economy will slow down approximately three percent. Neither group really and completely understands China, which is the largest complex country in the world.  However, one thing is clear! If China follows Japan’s example, a country which has lost decades since the 1990s when the bubble busted, China will be chaos. Why?  Unlike Japan, China does not have very good social network and social security. Once it happens; people in China like "Arab Spring" or "Occupy of Wall Street" might look for overthrowing the current regime in Beijing. Otherwise, Subramanian has the right answer.
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