China sees wider role for private business

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  • Updated: May 24, 2013 - 10:19 PM

New leaders signal economic policy reforms that one expert says could be “radical stuff.”

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rexmanMay. 25, 1312:29 PM

What a tragic irony. As China moves towards a freer and more open market-based economy, America is moving in the opposite direction.

Obama and the "progressive" leftists who populate his administration were never reticent in their expressions of admiration for China's brand of socialized, command and control economic and social policies (see Anita Dunn).

Looks like they'll need a new economic model. Perhaps North Korea or Cuba.

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hjlazniMay. 26, 1310:35 AM

China's housing boom makes up more than 50% of China's GDP. It was 16% of the US GDP before the bubble burst. Lower interest rates will drive the bubble bigger and bigger and you know what happens next. This is why the big shots in the US and Europe are hoarding their wealth and the recession contiues.

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