3 posts tagged with china by VikingSword.
Displaying 1 through 3 of 3.
Special report: China's debt pileup raises risk of hard landing. 'When China announced a nearly $600 billion package to ward off the 2008 global financial crisis, city planners across the country happily embarked on a frenzy of infrastructure projects, some of them of arguable need.' 'Barclays Capital has predicted a global recession would trigger a "hard landing" in China, with gross domestic product sinking well below the 8 percent mark seen as the minimum for assuring enough job creation to keep up with urban migration. A severe economic slump would depress land sales, a vital source of funding for local governments, and make their debt load even more precarious.' [more inside]
From steroid-spiked pork to glow-in-the-dark meat to recycled cooking oil collected from sewers: China wrestles with food safety problems. 'China's food scandals are becoming increasingly frequent and bizarre': 'In May, a Shanghai woman who had left uncooked pork on her kitchen table woke up in the middle of the night and noticed that the meat was emitting a blue light, like something out of a science fiction movie.' 'Farmers in eastern Jiangsu province complained to state media last month that their watermelons had exploded "like landmines" after they mistakenly applied too much growth hormone in hopes of increasing their size.' 'Until recently, directions were circulating on the Internet about how to make fake eggs out of a gelatinous compound comprised mostly of sodium alginate, which is then poured into a shell made out of calcium carbonate. Companies marketing the kits promised that you could make a fake egg for one-quarter the price of a real one.' [more inside]
China Overtakes Germany as the worlds greatest exporter, but China is not a superpower and won't be anytime soon.
China's Not a Superpower, and won't be anytime soon. Or is it closer to that status than ever, having just overtaken Germany as the world's number one exporter? [more inside]