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Winston Mok – China’s economic miracle has a secret ingredient hiding in plain sight: unbalanced growth

Summary:
Winston Mok describes why the US can't catch up.  Like the US, China’s economic dynamism rests on the imbalance between the runaway successes of its coastal provinces and the laggards along its northern rust belt. The crucial difference? Beijing redistributes the fruits of economic successSCMPWinston Mok - China’s economic miracle has a secret ingredient hiding in plain sight: unbalanced growth

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Winston Mok describes why the US can't catch up. 

Like the US, China’s economic dynamism rests on the imbalance between the runaway successes of its coastal provinces and the laggards along its northern rust belt. The crucial difference? Beijing redistributes the fruits of economic success

SCMP

Winston Mok - China’s economic miracle has a secret ingredient hiding in plain sight: unbalanced growth

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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