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Thread: Anit-monopoly law passed!!!
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[quote=APAULT,249578]Erencius mentioned that a growth rate of under 7% might cause China to implode because of civil unrest... OK, we must tread carefully on this subject as HK TV news had a comment from Greenspan (ex US Reserve bank president) edited out on later editions when he made a comment on similar lines... but I agree with the sentiment of Erencius's views. At present, the Chinese government has a popularity higher than most of the 'western democracies'. And why not, the economy is booming and looks set to be for years to come, and China is respected internatioanlly because of its growth and economic might. But when it does start to slow down, when the university graduates can't all find jobs, when prices start to rise faster than incomes (or so it seems to people), when the poorer elements see no end to the widening gap between rich and poor... what then? This is a real issue which will test the nation's leadership. The current leadership knows what the issues are even though it sanctions editing out of comments in the news which really only state what is government policy .... I hope it is only a question of timing! [/quote]
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