Shanghaiist: Today's Links: Inflation, infectious diseases and invasion rumours

Pirx

Sat, 20 Sep 2008 11:52:10 +0800

The economic detachment of China from the rest of the world is a total myth, which has been busted before. China is totally linked to the economies of Japan, USA and the E.U. The Chinese have followed the Japanese concept of "A Nation built on Exports", but, different from Japan, the foreign participation here is very big. If we want to believe the often rigged statistics (a common feature of real existing socialism) here, 60% of Chinese exports are made by local branches of multinational companies, whose core business rests in the aforementioned economies. This being so, China will go down with the rest of the world, no detachment, no safe haven.

NannyState

Sun, 14 Sep 2008 09:11:49 +0800

There's a case to be made for China to crank up and grow more. In a dank global economy, China has been a reserve of steady growth. My fear is that overly zealous local officials will compete for investment with more and larger silly projects that will eventually saddle their citizens with a lot of debt. Good growth, perhaps a lot of green initiatives so China can wean itself off of oil would be the best move.

Pirx

Fri, 12 Sep 2008 07:36:35 +0800

The only "open media" in China are the emails, faxes and phone-calls of the foreign journalists.