From a federal penitentary in Florida, Conrad Black weighs in with his opinions about China’s rise.

My favourite passage from the article:

“China has a centrally directed economy, and calculates growth rates as a func…tion of production, not spending; and production is deemed to occur when it is commissioned by the state. Thus, all Chinese predictions of economic growth are self-fulfilling: The central economic leadership orders production of toasters or submarines and announces construction of roads and sports stadiums, and the anticipated costs are added to the GDP at once.”

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