::PROPERTIES: :ID: 5440B722-5661-4B1A-99D2-B6D48481DDA2 :END: Potential measures of China’s decline: purchasing power is not as high even if its a huge economy incomes are not rising as fast as they did before model of property-driven growth influences China’s working age productivity is shrinking China’s total productivity has decreased ROI from Chinese companies have declined …and thus foreign direct investment is reversing bailouts Unlike the US financial crisis, when big companies go bust, China didn’t bail out companies except to finish already-purchased homes. questions to think about how the political system and economy relationship what’s distinctive abut China’s system how the political system enables and constrains how political institutions affect banking, governance, and stability why did China loose momentum what are the best estimates?