One could argue that’s the power of media. If media publishes uncountable number of articles, sure investors and politicians will follow.
Obviously there are more than one reason on the table.
One being nobody wants too much power at Chinese hand and many countries are just worried about it. (This alone can have a lot of valid and invalid reasons)
Second is of course now some other countries are following a similar strategy to compete. Like India and a few other countries in East Asia.
Oh, I agree. Media like NYTimes and Bloomberg have enormous influence over the sphere of finance and investments. They have and will continue to exert equal and probably more influence on how US money is invested overseas. But that does not alter the fact that they've been wrong about China all these times.
On the topic of scaling (or more appropriately down-scaling) the Chinese model, I'd love to read some serious academic/scholarly papers about that. Like Western capitalism currently in practice here (i mean US), the Chinese model certainly has its limitations. There is zero chance, I mean absolute zero probability that China could grow at 6+% forever. But the fact that a country of 1.2 billion population has emerged from dire poverty just some short 50 yrs ago into one of the most vibrant economies in the world is a fact that's truly inspiring.
This is one of those examples, as in predicting the stock market, where the majority opinion is always wrong.
One could argue that’s the power of media. If media publishes uncountable number of articles, sure investors and politicians will follow.
Obviously there are more than one reason on the table.
One being nobody wants too much power at Chinese hand and many countries are just worried about it. (This alone can have a lot of valid and invalid reasons)
Second is of course now some other countries are following a similar strategy to compete. Like India and a few other countries in East Asia.
Third, one strategy doesn’t scale forever.
And perhaps many more.