"Can China Liberalize in Time?"

An article from T. Greer at Chicago Boyz concerning whether China can avoid an extended financial collapse such as Japan suffered with its "lost decade." The issue is whether China can liberalize its markets so that the central government is not having to bail out poor investments by public and private concerns. The centerpiece of the article is that China is using Shandong province as a test of market liberalization.

Read the whole thing.