China's Crony Capitalism

China Tempers Its Growth Expectations, to 6.5% a Year. Its seems like such a made up number by a committee of insiders unrestrained by press analysis. China Entices, but doing business Proves Hard on the other hand describes the dead hand of connected insiders.  China's current economic malaise is more than a bump in the road along the path toward overtaking the U.S. economy. China's mania for controlling from the center smothers its growth prospects because its incapable of re-inventing itself after taking advantage of the low hanging fruit of the past quarter century.