O flop chinês

"The problem is that the consumer driving the boom is not the individual, because the Chinese shopper has been in retreat in recent years. The real big spender is the government. China's economic recovery is real, but it's been bought by the state.

The hidden hand of the state can obscure the degree to which China still depends on subsidized exports to America.

Private consumption has been steadily declining for some time, going from more than 60 percent of GDP in 1968 to 36 percent of GDP in 2008, a trend that defies the typical image of China's booming middle class."


Rana Foroohar, "China's Big Spender", Newsweek, 6/13 Julho 2009