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December 30, 2012

China: The Frog and the Scorpion

April 5, 2012 by

Behind the political crisis that saw the recent fall of powerful Communist Party leader Bo Xiali is an internal battle over how to handle China’s slowing economy and growing income disparity, while shifting from a cheap labor export driven model to one built around internal consumption. Since China is the second largest economy on the planet—and likely to become the first in the next 20 to 30 years—getting it wrong could have serious consequences, from Beijing to Brasilia, and from Washington to Mumbai.