China Economic Service - November Report
December 12, 2005
This week we look at China. Simon Hunt is one of the smartest China hands I know of. He has been visiting the Middle Kingdom for many years and has numerous contacts throughout government and industry. If you read the official releases, it looks like things in China will stay on the same path as recent years. Simon has been saying privately and now publicly that there are some very significant changes happening in China that will affect a number of markets over the years, as China changes its focus from growth at any price to one that might be a bit more rationalized. This is a very important point. I suggest you put your thinking caps on as we take advantage of Simon's insider knowledge.
John Mauldin, Editor
Outside the Box
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China Economic Service
NOVEMBER REPORT
China's leadership held important closed-door meetings last week on economic policies for 2006. Whilst official reports suggest that policies will continue to be implemented that produce fast, stable growth in 2006, the reality is that a different economic model will be pursued.
The model of the last few years, at least up to 2003, was growth at any price. The legacy…