Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
China's growth figures are notoriously unreliable and, as its economy slows, inaccuracies become even more important. All signs point to China becoming a normal economy... with abnormally large problems.
China’s fear of liberalisation of its currency is a sign of its immense economic vulnerabilities. Genuine liberalisation of the renminbi is not imminent because the conditions that have prevented it have not changed.
There is a great chasm between China's modern leaders, who implicitly reject Maoism, and the nation's official history, which tends to remember Mao fondly. Bridging the gap would strengthen the Party's legitimacy with its people.
On Saturday, China became only the third country to land a module safely on the moon. With half a billion impoverished citizens this expensive project makes little sense – except as a geopolitical power play.