Chinese Undercurrents
China's Hidden Debt
Could China be the next Greece?
How China's regional banks hide loans and transactions
China's Demographic Transition to Senescence
Economics of an aging population
China's Internal Discord
How much longer can the Chinese Communist Party last?
Frustrated Chinese migrant workers rise up
Many Chinese workers unhappy with conditions
Autocratic CCP Rule Kills Creativity and Innovation
How China Kills Creativity
China needs more former British colonies like Hong Kong
More Foreign Companies Abandon China
Surging China Costs Driving Companies Away
China Bumps Up Against Resistance from Neighbors
Beijing's Territorial Claims Being Challenged
China's government has published very impressive economic growth numbers for many years running -- even in the midst of a global financial collapse. It is well to give the Chinese government the benefit of the doubt, given its massive cash reserves and impressive and shiny new buildings in Shanghai etc.
On the other hand, it is easy for outside observers to be fooled by superficial appearances. If westerners learned anything from the great collapse and fall of the USSR and Eastern European Communism, it should have been to never blindly trust facades.
More is required than mere published numbers to create a successful, vibrant, innovative, and sustainable society.
Cross-posted from abu al-fin
Labels: China
posted by al fin at 10:21 am
1 Comments:
Well, you have just about summed up the contradictions of China.
My bet is that China slogs forward. Incredible advances in technology, globally, will allow many countries to prosper, including China.
About the only countries to be left behind are in Islam or Corruption-land (Afghanistan, Nigeria, Venezuela etc).
You don't have to be perfect to prosper--just mediocre. China, on whole, has mediocre leadership. As for debts, they owe money to themselves, so they can print more to replace capital losses.
Remember, a China or India does have to post 8 percent annual growth--even 5 percent annual growth, over a few decades, yields wonderful results.
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“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell
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