The end of the Chinese dream?
Al Jazeera Mon, Sep 19
For decades, China's economic prowess has powered world growth. China's rise as a modern nation has been remarkable and the country's leaders often tell the world that they managed to lift more than 600 million people out of poverty in just a few decades. But the boom times are over: China's economy is slowing and cracks in the system are starting to appear. With the Chinese economy faltering, building has ground to a halt, leaving ghost towns and abandoned construction sites across the country. Some economists say that the country's building boom never delivered real prosperity, and that government spending has been poorly managed. They warn that with China's debt mounting at an alarming pace, ...
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