Focus and discipline 'key' in Year of the Snake

China’s transformation from an agrarian society to the second biggest economy in the world has been one of the great economic stories of recent decades. Arguably, China is just reclaiming its rightful place having historically been one of the largest economies in the world. China’s success has created tremendous wealth, and its middle class spending power is growing rapidly. There are concerns that China’s economic model has passed its zenith and that its growth must come back down to earth. Critics accuse China of over-reliance on fixed capital formation, while the aspirations of its...