No capilatist country has EVER managed a growth rate of over 7 for 20 years without a bust.
There has never been a capitalist country with so many consumers and coming from such
a large
mass scale disastrous economic starting point of no-where to go but up.
After WWII the Japanese embraced all the new technologies from the West, mainly from the United States.
Be it automobiles, television, or electronics.
The Japanese not only adopted those technologies, but in some cases improved upon them.
It is easy to fill your factories if you don't have to invent or develop new products, you can simply copy them.
We see exactly the same thing happening in China....
China will have a bust, and since China does everything in a big way....lookout when their "bust" happens!
Many say we are already witnessing the end of the Chinese economic miracle.
Dirt cheap labor has built China's economic miracle.
Chinese manufacturing workers sweat all day for a small fraction of the cost of their American or German competitors.
The workers in the "workers paradise" will soon tire of slave labor wages & start demanding more than they already have.