Another growth scare has come and gone for the Chinese economy. This, of course, is very much at odds with Western conventional wisdom, which has long expected a hard landing in China. Once again, the Western perspective missed the Chinese context - a resilient system that places a high premium on stability.
Premier Li Keqiang said it all in his final comments at the recent China Development Forum (CDF). I have attended this gathering for 17 consecutive years and have learned to read betwee...read more