Is China's miracle economy heading for a fall?

The dragon economy is low on fire and Beijing will have to act fast if it's to avoid an Olympic-sized currency crisis, says Tim Bennett.

The dragon economy is low on fire and Beijing will have to act fast if it's to avoid an Olympic-sized currency crisis, says Tim Bennett.

As the 2008 Olympics begin in a largely smog-free Beijing at least according to the official blurb the ruling Communist Party is determined that the Games showcase China's position as the world's fourth-largest economy and international superpower. But while Beijing may have had some success with its 'Great Firewall of China' an attempt to block websites critical of the regime in the run up to the Games it's much harder to hide the fact that, for the first time in two decades, the dragon economy suddenly looks pretty sickly.

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.