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Rich China, poor China : Which is it?
Washington Times ^ | 11/15/2011 | Richard Rahn

Posted on 11/15/2011 10:11:05 AM PST by SeekAndFind

“Air in many China cities remains highly polluted.” No, this is not a headline in the Onion (satirical newspaper), but the front-page lead headline in the Shanghai Daily on Nov. 8. Shanghai is a city of 23 million people, which at first glance appears to be, perhaps, the most modern city on the planet. The architecture is spectacular and varied, with some of the new edifices exceeding 100 stories. It looks prosperous - nicely dressed people; wide, tree-lined streets; well-maintained flower beds; and the world’s newest auto stock on its many crowded expressways. To a lesser extent, the same thing can be said about Beijing and other Chinese cities.

By any definition, China has been an economic superstar. For three decades, it has been doubling its gross domestic product (GDP) on the average of every seven years. My first trip to mainland China was almost 30 years ago, near the beginning of the economic reforms. Private cars were almost nonexistent. Almost everyone got around by bicycle. Today, more automobiles are produced and sold in China than in any other country, including the United States. China has rapidly been building its equivalent of the U.S. interstate highway system. Most of the road signs look identical to those in the U.S. and are written in both Chinese and English, as are many other signs in China.

China, arguably, has more people with a middle-class or higher standard of living than any European country and even Japan, only trailing the United States. However, more than 80 percent of its people have yet to enjoy most of the fruits of this prosperity.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: china; poor; rich

1 posted on 11/15/2011 10:11:07 AM PST by SeekAndFind
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To: SeekAndFind

The question to me is not whether China is Rich or Poor but how far is the CCP willing to go before it is all brought back under tight control. They have a huge question before them. Is the wonderful growth and potential prosperity for all worth losing the total control they have enjoyed since Mao’s revolutionaries won their war against the Koumintang?

Only they can answer that, Economic Freedom and Total Political control don’t co-exist very well. Of course on the CCP’s side in this question is China’s Five thousand year plus history giving the Emperor’s and their Mandarin’s unconditional control of the populace.

It will be of historical interest to look back in time several hundred years from now. But today? Today I shudder, living in ‘Interesting Times’ is not a good thing from my point of view.


2 posted on 11/15/2011 10:39:15 AM PST by The Working Man (The mantra for BO's reign...."No Child Left a Dime")
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To: SeekAndFind

and how much reconstruction and AID money do we give China?


3 posted on 11/15/2011 10:43:24 AM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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