Can Bubles Also Be Made in China(翻译稿).docVIP

Can Bubbles Also Be Made in China? Mises Daily: Thursday, July 30, 2009 by Tim Swanson Despite all of the shimmering skyscrapers and industrial output, unless market forces are allowed to truly dictate economic exchanges, todays Chinese megacities and their residents will merely be facades and actors within a 21st-century Potemkin village, and growth will remain stagnant for years to come. This is due in large part to continual state intervention through centrally planned investment. Roughly eight months ago, Premier Wen Jiabao announced a $586 billion stimulus package to combat a plunge in e