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I believe Shanghai will have replaced Hong Kong as the main financial centre in that region well before the "at least 50 years" date of " One Country Two Systems "
Chinese protesters win but keep on
Something new is now starting to be seen.
Residents are now engaged in violent protests against environmental damage caused by new factories in their cities.
Now, they are realising they cannot live in their cities as the pollution of air, water and soil is becoming intolerable.
After three days of protests by thousands of citizens over pollution fears, a local Chinese government relented and agreed that a petrochemical factory would not be expanded, only to see the protests persist.
The standoff in the prosperous city of Ningbo has highlighted the deep mistrust between people and the Government in China.
Should they last longer, the demonstrations would upset an atmosphere of calm that Chinese leaders want for a transfer of power in the Communist Party leadership next month.
More and more people are questioning the capital injections and rising debt.
‘Everyone has a loan these days, but average people, we don’t understand where this money comes from.’’ Many experts share Dong’s scepticism.
For some of them, Zhang’s investment drive in Tianjin is as much a political statement as an economic one — an example of the monumental cost of forging a political career in a one-party state where economic growth, not votes, is a measure of success.
High cost as China reaches for investment leadership
‘The Achilles heel of the Chinese economy is free capital,’’ said Minxin Pei, a professor of government at Claremont McKenna College in California. ‘‘Here you have a group of people who are making very big bets and they don’t have any skin in the game.’’
‘Getting a mega-project attracts attention,’’ Pei added.
i can't wait for time so much...
Very interesting, but it is China, they have a different culture. Those apartments are probably owned by wealthy Chinese, but they just do not rent them out and they remain empty.
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