China's Doing Some Stuff

I don't think it's easy to put China's economic policies into our standard left/right boxes. I do think that's why there's limited engagement in our public discourse about what they are doing. Obviously, along some dimensions, it's working insanely well.

China may become the world’s wealthiest country by household assets after the U.S. in five years as the nation’s middle-class consumers grow richer, Credit Suisse Group AG (CSGN) forecast.

The nation will add $18 trillion in household wealth by 2017, taking its total to $38 trillion, according to the bank’s global wealth report today. That would surpass Japan’s $35 trillion, and be less than half of the U.S.’s $89 trillion.