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Overcoming growth risks with more relaxed environment[1]- Chinadaily.com.cn [Copy link] 中文

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Post time 2014-12-29 16:42:54 |Display all floors
Labourers work on the scaffolding of a construction site for a new residential building in Beijing, May 6, 2014. China will increasingly manage its troubled property sector at a local level as it seeks to avoid sparking either an abrupt slowdown that undermines the economy or another surge in prices, according to government economists involved in policy discussions. After increasing at double-digi ...

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Post time 2014-12-29 16:42:55 |Display all floors
After suffering from neoliberal socio-economic disasters for decades, many Latin American nations have turned their societies around with more socialistic measures. As a result, the rich poor gap has eased in a number of countries, though much more work needs to be done after their catastrophic experiences with the "market economy." The present economic mess China is facing is just beginning as the country is still living from the achievements of the past, such as the millions of hectares of irrigated farmland, the hundreds of millions of peasants with basic education, etc. But the neglect of the poor during the past 30 years will come to haunt the nation, as more calls are being made by compradors to continue policies that have turned China into a polluted land dependent on foreign trade.

The obvious solution is to remember China's socialist roots and encourage more cooperatives and communes to allow the people to take care of their own health and education in the rural areas. If rural poverty is solved, the economy of the entire country would be uplifted. In the meantime, urban areas can carry on with SMEs and an export-oriented economy. This two-tiered approach is the best way to achieve a well-off society, one that is truly "socialism with Chinese characteristics."

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