The four threats China faces as its growth becomes unequal
— Special to The Globe and Mail
China has a major economic problem. It is not the greatly reduced economic growth or the enormous real estate bubble or the prodigious state-owned enterprises that you’ve heard about. Yes, these are certainly major economic troubles, but there is another problem overlooked in too much of the commentary on China’s economy: the vast and rapidly rising inequality among China’s regions, people and classes.