As part of my never ending quest to prove that China is doomed to fail...
Of course, walking or driving the streets of Beijing or Shanghai, one gets the impression of a hustling, bustling economy in full flight, as evidenced by construction and crowded streets and stores, combined with western-style traffic jams. Nevertheless, China is not without serious problems, which it must address if it is to sustain growth rates of 9% per year. The reality is that the country is advancing at different paces in different regions, and the wealth gaps are widening.
Of course if I'm right the rest of the world will get fucked as well...
but life's a series of peaks and valleys.
Friday, November 25, 2005
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