China’s Real Estate Insanity
TREND #4
China’s economy is unique in its combination of enormity and opacity. The United States and the EU are larger, but they are highly transparent market economies, where free market competition dominates. For the most part, opaque centrally planned economies are tiny and loosely attached to the world economy; North Korea, Iran and Cuba are prime examples. Because China does such a good job of hiding its weaknesses from o.....
China’s economy is unique in its combination of enormity and opacity. The United States and the EU are larger, but they are highly transparent market economies, where free market competition dominates. For the most part, opaque centrally planned economies are tiny and loosely attached to the world economy; North Korea, Iran and Cuba are prime examples. Because China does such a good job of hiding its weaknesses from o.....
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