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By John Richardson
MYTH No 1 about China is that the rise of its middle classes guarantees a prosperous economic future. No need for a Plan B we are told. Just follow the money by investing in lots of autos …
DURING the economic Supercycle it all worked beautifully, as the above picture indicates.
China sold stuff to the West and then bought lots of US Treasuries from their earnings in order to keep US interest rates low. …