..Infrastructure development was supposed to spread the wealth created in factory cities to rural inland areas to raise the living standards of those poor villages. Now, rising levels of bad debt will make it much harder for Beijing to continue to invest in those efforts to realize Deng's vision of spreading the wealth to all of China.
Beijing's massive spending spree poses another threat to China’s long term economic stability. Pumping more money into infrastructure projects may help prop up growth. But that cash infusion raises the risk of a sustained bout of higher inflation.
read the entire article
http://www.msnbc.msn.com/id/43600432/ns … e_economy/
looks like China is going through some growing pains like the rest of the world... the good news is, American companies are coming back and starting manufacturing plants again..
Shovel Ready Jobs and Bridge repairs, do not last long term. Comon sense will show that a two year construction job will "NOT" pay a 30 year mortgage, raise two kids, and give them a great start! And make a retirment.
all of which should have neen obvious when they Introduced them.
Opening Free Markets, real tarrif agreements with other countries, Goverments hands off Business, and using the True definition of Small Business; (Factories with 1000 emloyees or more) to make the start-ups
new technology helps also. We are not China, sorry.
Another western economist with his head up his @ss who has no idea what is going on here Among other things, I edit translations of bank reports and company reports to shareholders etc., and the total debt talked about in this "opinion only report" is like a tick on a very big dog.
Luckily the US is getting a 50 square mile Chinese industrial estate shortly, that should help you guys get to grips with simple economics.
by jerryl7 years ago
Millions of people do not understand that we have a debt monetary system.The actual creation of money (always) involves the extension of credit by private commercial banks.This means interest bearing loans, so all M1...
by GA Anderson2 years ago
OK, Junko, here we go.Why is China's economic growth, and likely supplanting of the U.S. economy as the world's largest a conspiracy?Yes, sometimes forum exchanges do amount to a game, sometimes a relevant one and...
by fishskinfreak20086 years ago
Web-site/URL: http://www.cbsnews.com/8301-503983_162- … ?tag=stackConsidering the fact that CHINA thinks that they are the giants of the world and can do whatever they want when they want and without...
by AdsenseStrategies7 years ago
Even though there is a perception that the United States gives large amounts of aid to Africa, the fact is that the Chinese and the Arabs are licking their lips at all of that mineral resource wealth that Africa holds,...
by James Smith3 years ago
http://online.wsj.com/article/SB1000142 … 63786.htmlI heard a good argument against the raising the debt ceiling a few years back. This senator argued leadership means that ''the buck stops here. Instead,...
by JKSophie4 years ago
A shocking news came out early this month about a 7-month pregnant Chinese woman who was forced to have an abortion because she already has a kid and cannot pay the fine of £4,000. This is one of the many painful...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.