China.

• Author: Rees, Matthew
• Position: Just the Facts: TIE's Executive News Service

"China is the fastest-growing emerging economy over the past ten years, but ranks only 24th out of 26 for investment returns, according to the MSCI EM index. In fact, China's performance is even worse than that of Argentina, the slowest-growing country in the index, and Brazil, with the second slowest-growing economy, produced top quartile investment returns."

--Financial Times, September 3

"In China, consumption was only 50 percent of GDP in the 1980s and today an astonishingly low 37 percent. Typically, poor countries devote about 60 percent of GDP to personal consumption. The problem is not lack of desire to spend, but...