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Economic Troubles and Social Instability...


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A frightening view of what may already be taking place in China but not being reported...My wife is in her hometown in Hunan right now and tells me that there are many more rich people then ever before...and many more people who are trying to scratch out a living... :o

 

 

http://business.timesonline.co.uk/tol/busi...icle5627687.ece

 

Roger, doesn't your Doom & Gloom factory ever take a day off?

 

They don't seem to Bill... :huh: In fact they're working 3 shifts seven days a week... :o Hey maybe you should trade the Bao Ma in for something with a little lower/poorer profile for when the "shit hits the fan"... :ph34r:

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A frightening view of what may already be taking place in China but not being reported...My wife is in her hometown in Hunan right now and tells me that there are many more rich people then ever before...and many more people who are trying to scratch out a living... :ph34r:

 

 

http://business.timesonline.co.uk/tol/busi...icle5627687.ece

I'm pretty sure someone's just makin all that stuff up Rog. :o

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A frightening view of what may already be taking place in China but not being reported...My wife is in her hometown in Hunan right now and tells me that there are many more rich people then ever before...and many more people who are trying to scratch out a living... :blink:

 

 

http://business.timesonline.co.uk/tol/busi...icle5627687.ece

I'm pretty sure someone's just makin all that stuff up Rog. :ph34r:

We need a tongue-in-cheek avatar. :lol:

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A frightening view of what may already be taking place in China but not being reported...My wife is in her hometown in Hunan right now and tells me that there are many more rich people then ever before...and many more people who are trying to scratch out a living... :D

 

 

http://business.timesonline.co.uk/tol/busi...icle5627687.ece

I'm pretty sure someone's just makin all that stuff up Rog. :unsure:

 

My wife says Shenzhen housing market is tough to rent apartment now because many of the workers have gone back home due to lost jobs. I've also seen and heard of many factories closing in Shenzhen. I do not know anout the riots and things. So at least not all of the information is made up.

 

The economy in China right now is also bad and there is a large gap between rich and poor (in case you didn't know it ... the same is true in America --- compare CEO salary to avg worker from 1970's to today).

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Day before yesterday in one of my classes I had an interesting discussion with two of the older students. These young men are both 19 and their English is damn good, don't really understand why they are in the class. Any way, we talked about the economy (I like to digress in class once in a while, keeps them interested) and their take on it, at least here in Chengdu, is that there has been very little change in the last year. Now, these two are really very sharp, and I do respect their opinions. We've even had discussions about politics on occasion. Angus said something very interesting the other day when we were discussing the difference between the congressmen and senators in the US and their "occasional" inability to get things done in a timely manner, vis-a-vis the party members in China, and how the Chinese government tackles the crisises and issues, ie the earthquake last May. He said that the leaders in his government were not politicians, they were statesmen. I wonder if this is how most of the "educated" Chinese view their party members and leaders?

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