China's economy is doing worse than anyone predicted. China was going to be the worlds anchor as it floated through this crisis, but we can not rely on China as much as we thought.
An interesting situation is emerging in China. During the last couple of decades of great economic growth China has been paying off its educated population with good paying jobs. In exchange for prosperity these college educated individuals have strayed from talking politics, but with the money disappearing can China continue to buy the tranquility of its educated?
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