US Fantasy and Fiction
The challenge for many Western commentators is that China refuses to succumb to a Western narrative, and play the role prescribed by Western orthodoxy.
By Featured contributor Prof. Warwick Powell
In a recent Financial Times column, senior economics writer Martin Wolf opined about China's savings rate, consumption ratio and supposed overcapacity, warning that the world cannot accommodate such a large economy with a consumption share of just 39 percent. For Wolf, this evidences "imbalance". Wolf isn't th…