Newsweek's George Wehrfritz has second thoughts about the halelujah stories on the Chinese economy. Overcapacity will be a key problem. GDP could nosedive. From 9,4 percent to 5 percent next year to 3 percent in 2007, according to Jim Walker, chief economist for investment bank CLSA.
And the article includes the mantra about IP in China:
"high-value-added technology companies are increasingly frustrated with intellectual-property theft and China's weak legal system."
Important article. Too bad Wehrfritz didn't elaborate about the role IP plays in this gloomy picture. Read more here.
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