A closer look at South Korea's growth story highlights the pitfalls of wasteful investments and rising government debt and casts doubts on the 6-plus percent outlook for the Chinese economy

Mounting challenges will mean policymakers must strike a balance between the health of the economy and keeping their promises on growth

Chinese policymakers should remember that it's easier to prevent a currency from rising than to keep it from falling

The crisis offers many lessons for Beijing. For starters it casts doubt on the wisdom of pumping up credit to sustain growth