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its OK for China to have recession, dont be afraid. concentrate on tech advance.   [Copy link] 中文

Post time 2011-11-24 00:58:27 |Display all floors
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Post time 2011-11-24 12:49:58 |Display all floors
Except China needs to create 30 millions new jobs in order to keep a harmonious society. And to create these jobs, they need growth.

By the way, a recession is a negative growth, hasn't happened in China for, like, ever (they officially still had growth, even during the darkest time of communism).
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Post time 2011-11-24 15:15:56 |Display all floors
Much of china success comes from the amazing success in keeping backwards for many decades. When the obstacles were removed there was a great potential for growth. Same has been observed in many countries, of which china happens to be the biggest.

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Post time 2011-11-24 20:16:13 |Display all floors
Recession with >9% growth?    I am curious to know what you call the economic situation in the U.S. or Europe? Crash or worse?

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Post time 2011-11-24 23:19:31 |Display all floors
There are no unique economy models China is following. Don't let the anglo-americans economist liars fool you. Western economy system is nothing more than a continuos money printing process, and kicking the can down the road, the ponzi way. All western economist are bunch of liars, and china leaders will be very very foolish to follow their economy models.

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Post time 2011-11-25 01:00:17 |Display all floors
The China's economic model is Socialism Market Economy with Chinese Characteristics.

What?
I see the China economic model as a crystal clear   capitalism nothing more nothing less. , Why would be the Chinese economic model is some kind of socialism, and what are those Chinese characteristics? China has Ginni coefficient like 50 so the income gap is higher than in the US. How would be that Socialism Market Economy ? What is Socialism Market Economy i never heard that before, I only heard about Market-Socialism.

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Post time 2011-11-25 02:41:04 |Display all floors
This post was edited by attilaattila at 2011-11-25 02:41
You have no understanding of economics and China.  You are too shallow.


You still didn't say what are those characteristics . And China is not more egalitarian country than the US .
Here is  a map of countries  by income inequality:

http://en.wikipedia.org/wiki/File:Gini_Coefficient_World_CIA_Report_2009.png

China is in the same group as the US.
Just because you say that china is a Socialism Market Economy that does not make it so, currently the most egalitarian countries are Sweden , Germany , etc so those evil racist bloodthirsty barbarians

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