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On April 14, the John L. Thornton China Center and the Hutchins Center on Fiscal and Monetary Policy at Brookings hosted a discussion examining challenges and opportunities facing the Chinese economy, as well as the financial and economic links between China and the world.
http://www.brookings.edu/events/2016/04/14-china-global-economy (transcript available)
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here we have a group of academics dispensing good advice: "China needs this,… China needs that…";
I'm sure in the 1940s/1950s there were academics giving good advice to Venezuela; in 1950 Venezuelan GDP/capita was equal to that of Australia & Canada; now Venezuelan 5-year compound annual growth is just 1.1% and inflation (CPI) is 62.2%