China at the crossroads

Key Points China has grown rapidly on cheap labour and infrastructure investment It needs to shift to 'soft' infrastructure, like education and health Whether or not it achieves this, the outlook is bleak for commodities China once evoked mysteries of the orient: opium, corruption and the ineffable other. Today it is more substantial, it’s economic might visible in the endless ream of steel it rolls out for itself and the world, as well as in the massive iron ore developments of the Pilbara. Yet it remains a conundrum. How long can it sustain its extraordinary rise? How long can...

China once evoked mysteries of the orient: opium, corruption and the ineffable other. Today it is more substantial, it’s economic might visible in the endless ream of steel it rolls out for itself and the world, as well as in the massive iron ore developments of the Pilbara.

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