From Bloomberg, via the IHT:
Those wondering where China is headed could rummage through mountains of statistics, research reports and Web sites. Or they could just turn to the Asian Development Bank’s latest study.
It encapsulates the mounting risks facing Asia’s No. 2 economy with one word: curse.
“Should investment continue to run at more than 20 percent a year, what has been a source of growth for many years could turn out to be a curse,” the Manila-based lender said last week. It may lead to excess capacity and deflation. [Full text]
– The full ADB report can be downloaded here.
