China, Largest Command Economy, Isn’t Responding to Commands – Matthew Benjamin

From Bloomberg:

China’s leaders are finding that the world’s largest command economy no longer responds to their commands.

Growth is hurtling along at the fastest pace in a decade, defying official efforts to curb investment in unneeded factories and real-estate projects. The government’s immediate concerns are that overheated growth will saddle China with excess capacity, create more asset bubbles, and increase friction with the U.S. and other trading partners.[Full Text]

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