This means that these three countries produced, roughly speaking, 1.5 to 2.6 times higher returns on new capital investment than did China.

FORBES: Manage America's Economic Decline? No Thank You.

On the taxation front, there is talk that the capital gains rate on investment returns will increase in 2011 from 15% to 20%.

FORBES

Although investment efficiency has been improving, particularly in the growing private sector, many state firms which account for much of the over-investment still earn negative returns on capital.

ECONOMIST: The frugal giant