tag:blogger.com,1999:blog-5458209304128232367.post558588723405098518..comments2023-11-02T08:44:12.524-07:00Comments on China Economics Blog: "Is the Chinese growth miracle built to last?"Anonymoushttp://www.blogger.com/profile/08649345297844206449noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5458209304128232367.post-81903276211586404482009-02-27T08:27:00.000-08:002009-02-27T08:27:00.000-08:00The answer was no. It was bound to fail. Mainly be...The answer was no. It was bound to fail. Mainly because China having to play the game of hiding from inflation. It is one thing to restrict exports of your own resources and force domestic producers to sell well below market prices. It is entirely another, and more expensive, game when having to import commodities and sell them below cost to control inflation.<BR/><BR/><BR/>Glen<BR/>Until the recent collapse in commodity prices, such practices were happening in the coal, oil, food, and metal sectors.<BR/><BR/>Also the cost of maintaining a low exchange for the Yuan was not sustainable, and conversely added to China's difficulty in hiding inflation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5458209304128232367.post-16440414496767311732009-02-27T01:18:00.000-08:002009-02-27T01:18:00.000-08:00Likely not current enough to justify paying US$31 ...Likely not current enough to justify paying US$31 for a copyAnonymousnoreply@blogger.com