China won’t save the economies of Italy and the world
Many hope that Beijing might buy Italy’s and Europe’s sovereign debt; however, China’s economy has the same problems as that of the rest of the world: overproduction, export dependency, and overreliance on exports and foreign capital—add to that the yuan’s artificial value and an unfree workforce. Instead, China and Europe should heed Benedict XVI’s teachings, namely that man (not profits) and a sense of responsibility must be at the centre of the economy.








