[WilliamofCarmichael]

But.. but their economy is expanding at.. what? 500 percent every year for decades? I don’t recall the last few reports.

[JRandomFreeper]

500 percent every year for decades?

When you start at where they started after the cultural revolution (some here aren't old enough to remember that), they might be catching up with 1920s America.

Expect the growth rate to taper off quickly. There's a function for that. It involves per capita income, birth rate, outlook for the future, relative Godliness of a population, and a bunch of other stuff. I won't go into the detailed math.

They have built in vain. Edifices to children that never were. All for political control.

/johnny

[fight_truth_decay]

".....the banking sector is dominated by state-owned banks that can lend at will at low cost certainly has its advantages, and is a prime reason why China's economy may be expected to continue to grow in the 9-10 percent range for the coming decade and beyond."

"Another reason is that China's population is becoming wealthier -- and not just in the country's coastal cities. A 2010 report by the Brookings Institution says that China's middle class is poised to rise significantly not only because of the country's economic growth rate, but because more Chinese are continuing to break out of the ranks of poor. It is estimated that consumer driven domestic consumption will account for up to 50 percent of GDP by 2015, up from 33 percent last year. That is a guarantee of high growth going forward."- Hufffington Post, 12-15-10