"Dwarfing even the $2 trillion borrowed for the Railway Ministry’s high-speed networks since 2008, and the thousands of kilometres of 4–6 lane toll roads with barely a vehicle on them, China’s building binge is the most striking example of what Prime Minister Wen Jiabao famously, but impotently, denounced in 2007 as the country’s “unbalanced, unstable, uncoordinated and unsustainable” model of economic development. Now, with house prices and sales sagging in response to government restrictions aimed at deflating history’s biggest ever property bubble, and with local governments as deep in bad debt as the developers, I asked the businessman what was to prevent the bubble actually bursting
, in a spectacular financial explosion? "
posted by vidur
on Jun 21, 2012 -
In 2010, Obama will have a miserable year
, NATO may lose in Afghanistan
, the UK gets a regime change
, China needs to chill
, India's factories will overtake its farms
, Europe risks becoming an irrelevant museum
, the stimulus will need an exit strategy
, the G20 will see a challenge from the "G2"
, African football
will unite Korea
, conflict over natural resources will grow
, Sarkozy will be unloved and unrivalled
, the kids will come together to solve the world's problems (because their elders are unable)
, technology will grow ever more ubiquitous
, we'll all charge our phones via USB
, MBAs will be uncool
, the Space Shuttle will be put to rest
, and Somalia will be the worst country in the world
. And so the Tens
The Economist: The World in 2010
. [more inside]
posted by goodnewsfortheinsane
on Nov 14, 2009 -
"The model of economic development that we are currently pursuing is unsustainable. Our energy consumption per unit of GDP is seven times that of Japan, six times that of America, and even 2.8 times that of India. China’s labour productivity is less than 10 per cent of the world total, and yet our emissions are over 10 times higher than the global average.
" ~ Pan Yue - deputy director of China's State Environmental Protection Administration (SEPA). Part of a new generation of outspoken Chinese senior officials, Pan has given rise to a tide of environmental debate, attracting enormous attention and controversy.
Read his articles here : -
China: economic powerhouse, environmentally unsustainable
- part one
and part two
posted by infini
on Jul 29, 2007 -
China. Abandons Communism.
May be about to lose its shirt.
While everybody on the pink side of Ebenezer Scrooge is pissing and moaning about the state of America, here's one American who thinks the state of the Middle Kingdom is at least equally interesting (as in ancient Chinese curse, "May you live in interesting times.")
posted by jfuller
on Nov 12, 2002 -