Free Republic

China's sagging economy is threatening to turn China into an Asian version of Argentina, a top financial journal warns. "Unless it can patch up the situation, China risks becoming Asia's Argentina... the people's Republic can go from boom to bust in just a few short years," wrote Gordon Chang in the June 19, Asian Wall Street Journal as quoted by the authoritative American Foreign Policy Council. According to Chang, both countries crammed their banks full of bonds, created growth by playing money games and attracting foreign direct investment... "Argentina," he wrote "deferred reforms by living on foreign capital, and China...