The World Bank’s jarringly blunt warning that the global economy faces a crisis that’s possibly more dangerous than the global financial crisis set in motion a wave of negative analyses, many of them very difficult to ignore. The scariest prospect for Australia is China falling over, but The Australian’s Michael Sainsbury has stumbled upon an important symbolic milestone for the Chinese economy. Quite simply, less people are living in the sticks. Another commentator encourages investors not to accept clichd answers to economic data fluctuations, while the Productivity Commission’s advisory role on superannuation rewards also comes up for discussion.
But first we start with The Australian’s Michael Sainsbury, who noticed this useful Chinese landmark.