By Lucky Gold

Is China, the world’s second largest economy after the U.S., slowing down and heading for a crash landing? Ian Bremmer, President of the Eurasia Group, has looked at China’s latest economic indicators and concludes, “The United States and Europe would kill for numbers like that, but of course the reality is they won’t. And the Chinese will and can.”

Appearing Wednesday on Amanpour, Bremmer, the author of “Winners and Losers in a G-Zero World,” admitted, “I’m being a bit flippant but I also mean that somewhat literally. Because the Chinese…don’t have a banking system, so you can’t have a run on Chinese banks. They can move people around, they can extract labor, they can do things that are utterly implausible for a democratically-elected state that will allow them to maintain the kind of growth that they know they have to have if they want to ensure their own political sustainability as leaders.” FULL POST