03 July 2011

Chinese Undercurrents

As the world's second largest economic system and an expanding regional military power, China plays an important role as an East Asian would-be hegemon and as an international power broker. It is not easy to keep up with where China is attempting to go, but it is worth an attempt.

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


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Blogger Benjamin Cole said...

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.

Monday, 04 July, 2011  

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“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell

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