Quote article No one in the Chinese capital, however, is willing to implement the decisions that are necessary to put the economy on a sustainable basis. Everyone knows what to do; they're just not doing it. Why? China is in the midst of an historic political transition that could last for years. Until new leaders get settled in, no one will take the painful measures that everyone understands are necessary. But by then, it will be too late. High growth in China for decades has masked structural flaws. Now that growth is slowing, we are beginning to see fundamental problems. But just as this is happening, the political system is losing its ability to act. So can Beijing officials rescue the Chinese economy? The answer to the question is they probably cannot, but worse, they're not even trying. http://www.kitco.com/ind/Chang/feb022012.html
