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Why the China bears are wrong

Chinese investor
Chinese investor

How long can a boom last? Surely the good times can't roll on forever? When does it turn to bust? These are common questions being asked of the current Chinese success story and, as the Middle Kingdom enters the Year of the Dragon, I thought I'd re-examine the arguments.

China seems to have been growing at breakneck speed for at least the past 20 years. Recently, it has been growing at 8-10% a year, faster than any other major nation in the world.