Mar 06, 2014 01:58 PM

Eyes on the Prize

Signs of economic slowing are not bad news. The credit bubble that started forming in 2008 has distorted resource allocation in a major way and created wasteful GDP. Correcting it will lead to a statistical GDP slowdown. It is inevitable and welcome news. China has a widespread labor shortage. A slowing economy will not have a significant social impact.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Sinopec and Saudi Aramco Launch $10 Billion Petrochemical Venture in Fujian

2: Cover Story: How the Yuan is Taking Over the Dollar’s Role in Global Trade

3: Chinese Regions Dial Back Car Subsidies as Funds Dry Up

4: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

5: Exclusive: Ex-CSRC Chief Yi Huiman Faces Corruption Probe Likely Linked to ICBC

SPONSORED

OR