NEW YORK ( TheStreet) -- What happened to the Chinese miracle investment theme? Investors remember a few years ago when the promise of cheap Chinese labor and low priced exports would be the back bone to 9% GDP growth as far out as could be forecasted. China was seen as becoming so financially powerful that there was fear of it taking over the financial world leaving America perpetually subjected to the threat of China selling its vast cache of U.S. Treasurys which would presumably harm our economy.Along the way there has been the much publicized construction of ghost cities -- truly beautiful cities across the countryside where no one lives, allegations of manipulated economic data, mismanaged growth by the government and lax lending standards by Chinese banks. There was even a report in the last few days that pollution in the northern part of the country is so bad that it is reducing life expectancy by an astounding 5.5 years.
Think Tech: One Way to Invest in the 'China Miracle'
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