Intellectual Youth to College Professor. Fast but Imbalanced Growth. Take Your Land…. Give You a Job. Costless Environment…. …Turned Costly. Made in China and Copied in China. You Know Why We are so Competitive. Too Much Capacity. Too Little Demand. It’s Sustainability, Stupid!. - PowerPoint PPT Presentation
transcript
Intellectual Youth to
College Professor
Fast but Imbalanced Growth
Take Your Land…
Give You a Job
…Turned Costly
Costless Environment…
Made in China
and Copied in China
5
10
15
20
25
Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11
USD bn
6.0
6.5
7.0
7.5
8.0
8.5
RMB to USD
China's trade surplus with U.S. (left) RMB to USD (right)