China Pulls Out All the Stops To Control Its Economic Flows Without Regard to Free Markets

China has been an unbelievable success story ever since Richard Nixon went over to China to talk with Chairman Mao. For over thirty years China’s economy has experienced 10% year-over-year growth, although it has now slowed slightly as a percentage of that larger pie, it’s still growing at an unbelievable clip. Still not all is well in China, as they are experiencing raising labor rates, rising inflation, and they are running out of markets that can use that massive level of exports, as other emerging markets pull back, the EU fails to recover, and the US is only slightly growing.