Jacek Popiel In earlier articles (here and here) we have pointed out: China’s economy is headed downwards, with major problems facing its government and people. History shows that such situations, if serious enough, have led to the breakdown of the Chinese state. As the United States and China are intimately tied on many levels, what…
Jacek Popiel A few weeks ago we examined the source of China’s “meteoric” rise to the rank of the second largest world economy and concluded that the “miracle” was essentially a one-off play based on offering the lowest cost for the production of goods for export. While successful, the policy destroyed both income and assets…
Jacek Popiel For years our financial press and media have hailed the rise of China to the rank of global power. Such phrases as “the Chinese miracle”, “the workshop of the world” or “the engine of the global economy” and “the Asian (meaning China’s) century” have become common parlance. The tone started changing, quite suddenly,…
The Contrary Perspective 