This is an interesting article in today's WSJ about the internal debt burden that China is experiencing. Lost in the shuffle of all of the fears and hysterics regarding China's holdings of U.S. Treasury debt is the fact that the Chinese still have many economic problems of their own to contend with, including poor bank lending procedures, overdeveloped "ghost cities", and rising inflation. I'm not saying that China won't be able to manage these problems, but we should avoid comparing the Chinese/US economies with a "grass is greener" mindset.
http://online.wsj.com/article/SB10001424052748703883504576186252054344030.html
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