Western forecasts misread China’s economy

By Rebecca Macfie In Economy, Politics

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10th November, 2012
In the 28 years he has lived in Beijing, former Aucklander David Mahon has heard plenty of foreign pundits predicting a catastrophic and bloody end to China’s modern economic revolution. He has always dismissed them – and continues to. “To bet against China at this stage shows a tremendous lack of understanding of economic history, social history and global economics.” Mahon, an asset manager and business adviser, has long been a bridge between Western companies and the opaque and complex Chinese marketplace; he notes with approval that interest in China from New Zealand companies ...

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