Blog about China 2009 no. 4I just got word from my friend in intangibles, Jonathan Low. Like me, he was in Beijing last month (read Aug. 2009) as a speaker. I think it is safe to say that he also thought that some questions remained unanswered with regards to the Chinese “innovation” Consumption Capital.
Today he pointed to this article in FT by influential economics writer Martin Wolf. Perhaps it provides some clues to what the Chinese regime means with the expression. If you prefer the short version, just read the section starting with “This is surely indefensible” at the bottom half.
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