Abingdonboy
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Well I'm sure this will be only a decade or two long after that polcies of this time where one-child rules are laxed will come into play.
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VK: Sure, the growth you see today in China is there, but its not a sustainable growth. Its not a growth that youll see a few years from now. That is an important point for readers to understand.
TCR: Why is it not sustainable?
VK: Because the growth is being induced by government spending, by a misallocation of capital.
Ill give you an example. The vacancy rate on commercial real estate in China is fairly high, but they still keep on building new office buildings because they think they will always grow. So therefore as long as they keep building, that activity will be registered as growth, until they stop. And when they do stop, theyll drown in overcapacity, and they wont be building new skyscrapers for a very long time.
TCR: We read that note you sent about the South China Mall, which is pretty stunning. Its the second largest mall in the world but is mostly empty.
huh, interesting words from a person comes from a nation full of even cheaper hands, but what happens to your economy?
1 trillion US dollars annually for the army? Do you want to scare the US?China's drive for military modernization has hardly scratched the surface。
The expansion of the military industry alone will probably add 0。5-1% to the overall GDP growth rate。
Looking to the years when annual defence budget exceeds 1 trillion US dollars。
Here is some copy paste:
VK: That’s right. But as outrageous an example as the South China Mall is, there’s an even more outrageous example – namely that the Chinese built an entire city, Ordos, in Inner Mongolia for 1.5 million residents and it is completely empty. These are classic examples of the sort of excesses going on in China.
Ordos, China: A Modern Ghost Town - Photo Essays - TIME
Ordos - a ghost town.
give you a dollar for every 'ghost city' you can find in China, and at the end day you get one dollar
but give you a dollar for every disgusting city you find in India, and you become a millioniar```thats the reality kid, you have mental magnet for stupid western propaganda stuff``well`you know stupidiy goes with stupidity
Yeah sure, get one and take two, that's pretty smart!
btw, would you mind telling me about how you indians use your cheapest hands?
Well perhaps you should save your typical Indian mentality and mind your own country's problems.better you stick to the points raised in the article...dont worry about India hands...dont use the typical chinese mentality in every thread...
seems you are not willing to talk abt the article...