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October 02 Changes in China recentlyIt's a big topic for me,
 ?What come to my mind is:
1.Chinese people are focus on capital constructions, busy building railways, roads, bridges....etc.
2.The social insurance systems are improving rapidly. (This is to enlarge the domestic demand,right?)
With job security and social insurance, chinese will pay money on consumption.
The high saving rates will fall down?
That's similar to Rosevelt's new deal,right?
Maybe some Americans still remember how United States came out of the great economic crisis of 1929-1933.
Does it works in China today? Hope it works...
For the foreign people(westerners), that could be:
Less "made in china" products in their lifies, instead, there will be more and more "made in vietnam""made in india""made in tailand"?
They will say "good bye" to "made in China".
As a common citizen:
I don't care too much about the GDP growing rate.
But some basic things like the living standard can be improved.
And wish they care more about the middle and low imcome people.  TrackbacksWeblogs that reference this entry
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