China services growth adds to economic revival hopes

Comments (3)
pbgd wrote:

Seamstresses in a factory are not service but manufacturing.

Jan 03, 2013 7:18am EST  --  Report as abuse
shiba-ken wrote:

Is China Like a Fat Runner on Crystal Meth?

That’s the evocative imagery used by Michael Pettis to describe China’s stimulus-induced growth strategy:

It is as if you saw a middle-aged man in terrible physical shape running a marathon, and you predicted that after five or six miles he would be forced to quit. If however he took out a syringe and shot himself up with crystal meth, he would be able to continue running a few more miles, but this doesn’t mean that your analysis and prediction were wrong. It means that in a few more miles he will be worse off than ever (or will have to take an even bigger dose of crystal meth).

Jan 05, 2013 6:42am EST  --  Report as abuse
shiba-ken wrote:

Is China Like a Fat Runner on Crystal Meth?

That’s the evocative imagery used by Michael Pettis to describe China’s stimulus-induced growth strategy:

It is as if you saw a middle-aged man in terrible physical shape running a marathon, and you predicted that after five or six miles he would be forced to quit. If however he took out a syringe and shot himself up with crystal meth, he would be able to continue running a few more miles, but this doesn’t mean that your analysis and prediction were wrong. It means that in a few more miles he will be worse off than ever (or will have to take an even bigger dose of crystal meth).

Jan 05, 2013 6:42am EST  --  Report as abuse
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