Weakening tiger, but still a hidden dragon
Even if China's economy comes to spluttering halt this year after 20 years of incredible growth, it's still too big to ignore, writes David McWilliams.
Could the China that Enda Kenny is visiting this week enter a recession in the next year or two? Yes, a recession, not a gradual slowdown, but a recession. This might seem a preposterous suggestion, given what we know has happened in the past ten years. But that is precisely the point. The recent past has been stellar, but all growth spurts come to an end, particularly those driven by huge credit growth.
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