Monday, September 10, 2012

The World's Second Largest Economy Is In Turmoil: The Rats Are Jumping Ship

The Chinese Year Of The Rat
Ambrose Evans-Pritchard for the UK Telegraph, here:


The worry is that the transition [of power in China] could go badly awry as 70pc of top cadres and the military are replaced, the biggest changeover since the party came to power in the late 1940s. "That is what is causing capital flight. All the top officials are trying to get their money out of the country," he said.