China’s 10% Growth Rate Is Over.Period.

Your weekend listening; Subscribe to the Economist’s recorded reading of the entire issue from last week, which gives you a clearer view of what’s in store for China.  The inflation is still high, and the 10% annual growth rate of the last decade is going to wither to under 5% by 2014 or so, according to the Economist. The innovation necessary to boom a consumer economy is questionable. The state banks have probably been loaded with questionable loans. Far too many old people will have to be supported financially, a serious drawback to the consumerization of the economy. There could, as well. be growing social unrest and a not sure thing transition to power of gthe next generation of leaders. A tall, tall load to manage smoothly. In fact, the Economist more or less feels the days of double digit growth for China are over. Period.

http://blogs.forbes.com/robertlenzner/2011/07/02/chinas-growth-could-be-cut-in-half-by-2014/