http://www.indiadaily.com/breaking_news/84422.aspGuangzhou, the booming Capital of the southern Chinese province of Guangdong is set to become the first ''developed'' city in the Communist nation under norms of the World Bank, the State media reported on Thursday. The Gross Domestic Product (GDP) per capita in Guangzhou is expected to exceed $10,000 in 2006, local officials said
Putting it mildly - Hutton is ex-BBC, ex-Guardian, and very much a Socialist. No need to worry about China buying up coal in Australia, copper in Chile, iron-ore in Brazil, gas in Iran, oil in Sudan, or arable land in Zimbabwe....................if we continue to run huge trade deficits with China and transfer technology like the Airbus and Rolls-Royce aero-engines factories.............................well pretty soon they'll all become Social Democrats on the Swedish model sharing the rewards of the richest 100 million with the other 1.3 billion.from a left leaning economist
There are indeed, all the Communists did in 1947 was to introduce another layer of bureaucracy over the 3000+ year tradition of the Imperial one, what upsets Guardian readers in China is in fact the historic and accepted norm.LankyPullThrough said:There are good reasons to believe that a more authoritarian style of government is more tenable in China than any Western society with similar economic circumstances.
armchair_jihad said:There are good reasons to believe that a more authoritarian style of government is more tenable in China than any Western society with similar economic circumstances.
If they can sustain their present rate of economic growth with energy and commodity prices as they are, surely it would take a pretty big internal or external shock to de-rail them?
KGB_resident said:The problem is not the 300 million+ educated reasonably comfortable Chinese who are agitating for some form of Democracy, its the 900 million+ not so well off and educated, who could very easily fall prey to a 'Nuke Japan Now!' party or a 'Every one can move to the comfortable Cities!' party, perhaps a 'annex Siberia' party or a Maoist ' every one must live like peasants and the foreign devils can whistle for their damned consumer goods' party.
For China it is more important to become a major car producer in the World (and likely it will happen) than to make risky, unpredictable and unprofitable political changes.
20-30 years later... Who knows? But not now.
Almost Devil Dog, Goldman Sachs (the US bank) states that by 2025 China will eclipse the US as the largest and richest consumer market in the World at current growth rates.Devil_Dog said:At the current rate of growth, I suspect by 2015, the number will increase to 500 million with room for at least 300 million more..... China is getting ready to take over.