Guardian leader today:
The decision to move
towards a floating exchange rate was taken in a manner that has
typified China’s long march towards a full market economy:
…..
China’s awakening has
been the most remarkable economic event of the past decade. Its effects
can be seen everywhere, from the high price of oil to the low price of
clothing. That success has lifted swathes of China’s population out of
poverty. But the full fruits of that transformation have yet to filter
out.
So, there we have it. Moving to a full market economy lifts swathes of the population out of poverty. That’s the considered opinion of the Groan’s leader writers.
So when do we try it here? And who’s going to tell Polly?
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