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Teenage kicks now in Chinese

Written by Ashwin Rattan Friday, 24 August 2012 15:19
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China, an ancient civilisation, is still in its economic adolescence, a phase marked by growth spurts and mood swings.

 

Other emerging economies endure this awkward period in relative obscurity, attracting only cursory attention.

 

China has no such luck. It has become big before becoming rich, inviting scrutiny typically reserved for mature economies.

 

China may not be a member of the G7 group of big, rich democracies.

 

But it is already a member of the so-called S5, or Systemic Five, a group of economies subject to extra IMF attention because of their “systemic” significance. 

 

To read the full story, click below:

 

http://www.economist.com/node/21560890

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