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Thread: Do more dream-seekers in Shanghai have to stay in slum?

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[quote=CLAUDIUS,251874]I'm travelling in and out of Shanghai now, usually staying a couple of days during the transit between Singapore and Hubei, where I work. 
Beijing did ask local government for some immediate action to curb the white hot economy at the macro level, however, unlike the Zhejiiang and Jiangsu provincial government, Shanghai largely went their own way despite open warnings from Beijing in the media (which is rare). Much political powers were at play here, while Shanghai continues to take in foreign and local investments. The 'side shows' to curb overheating in the economy by the Shanghainese govt happened during end 2004 to (which unfortunately didn't get to address the core issues and therefore sort of lost most of its momentum in) 2006. 
2007 was a fresh page with the bull runs in the stock market. Nobody could have guess the amount of liquidity in the market that could fuel such a run. I guess its all to do with the potential gathered throughout the years of unequaled economic performance. I'm not an economist myself, but when the living cost starts to hurt, you'll tend to get a little bit more observant. My only conclusion is, China is a place where you can still see something so extreme and even primal. 
The only sad part (in my humble opinion) is, the effects of all these income disparity and economic extremism are doing to the minds of the younger generations.
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