Cheating China's savers again

Most of the problems with China's economy arise from the contradictions of its oxymoronic experiment with `market socialism.' Beijing's attempts at economic reform and modernization clash with a system still weighed down by ideology and a long history of central planning

By Christopher Lingle

Most of the problems with China's economy arise from the contradictions associated with the oxymoronic experiment with "market socialism". Unfortunately, Beijing's attempts at economic reform and modernization will always bump up against a system still weighed down by ideology and distortions from decades of communist central planning.

Christopher Lingle is Global Strategist for eConoLytics.com.