Everything in China appears is big. The population is big. The cities
are big. The people’s aspirations are big. The state’s ambitions are
big.
The battle over the future also is big.
I recently returned from several days in the People’s Republic of China. It’s always a fascinating place with a future as yet unresolved. The country is growing economically, but no one really believes the government’s statistics. The “one child” policy has created a birth dearth that may leave the PRC old before it grows rich. Rising domestic confidence has yielded growing regional assertiveness, sparking an ever stronger negative reaction from once complacent neighbors.
Almost certainly Beijing will end up an influential global player. But when—and whether—it will battle America for world domination is far less clear. The PRC’s international future is not yet determined.
http://spectator.org/articles/60153/young-and-restless-beijing
For three decades, China had been nothing short of a financial miracle: a state-controlled economy that managed to navigate its way out of the tatters of communism to become the world's second largest -- deftly managed by government policies and decrees. But now, many in the financial world are looking nervously at China.
That's because one sector Chinese authorities concentrated on was real estate and construction. And as we first reported in March last year, that may have created the largest housing bubble in human history. If you go to China, it's easy to see why there's all the talk of a bubble. We discovered that the most populated nation on Earth is building houses, districts and cities with no one in them.
http://www.cbsnews.com/news/china-real-estate-bubble-lesley-stahl-60-minutes/
The battle over the future also is big.
I recently returned from several days in the People’s Republic of China. It’s always a fascinating place with a future as yet unresolved. The country is growing economically, but no one really believes the government’s statistics. The “one child” policy has created a birth dearth that may leave the PRC old before it grows rich. Rising domestic confidence has yielded growing regional assertiveness, sparking an ever stronger negative reaction from once complacent neighbors.
Almost certainly Beijing will end up an influential global player. But when—and whether—it will battle America for world domination is far less clear. The PRC’s international future is not yet determined.
http://spectator.org/articles/60153/young-and-restless-beijing
China's real estate bubble
For three decades, China had been nothing short of a financial miracle: a state-controlled economy that managed to navigate its way out of the tatters of communism to become the world's second largest -- deftly managed by government policies and decrees. But now, many in the financial world are looking nervously at China.
That's because one sector Chinese authorities concentrated on was real estate and construction. And as we first reported in March last year, that may have created the largest housing bubble in human history. If you go to China, it's easy to see why there's all the talk of a bubble. We discovered that the most populated nation on Earth is building houses, districts and cities with no one in them.
http://www.cbsnews.com/news/china-real-estate-bubble-lesley-stahl-60-minutes/
No comments:
Post a Comment