标题: Saying No to Growth in China [打印本页] 作者: choi 时间: 11-7-2012 12:55 标题: Saying No to Growth in China Keith Bradsher, Saying No to Growth in China; Facing protests, business investment may be cooling. New York Times, Nov 7, 2012. http://www.nytimes.com/2012/11/0 ... may-be-cooling.html
Excerpt in the window of print: Fearful that new factories will harm the environment.
Quote:
(a) "Investment reached 46 percent of China’s economic output last year. By comparison, Japan’s investment rate peaked at 36 percent, which it reached in the early 1970s; South Korea topped out at 39 percent in the late 1980s.
"Growth in Japan and South Korea started to slow and eventually tumbled after investment peaked. The big question now is when China will run into the same limits, and how rapidly change will take place, said Diana Choyleva, an economist at Lombard Street Research in Hong Kong. 'The potential for a big crisis is always there,' she said.
(b) "the rising tide of protests against big investment projects [read: chemical plants] may put pressure on Beijing to move faster [toward more reliance on consumption to sustain growth]. Almost every region of China has been affected within the last year or so [by similar protests]
(c) Shifang "had hoped to create more jobs for its young people * * * Yet many youths joined the protests here in July, with some even traveling from nearby towns, and the recent Ningbo protests also attracted many youths. The re-emergence of youth protests is surprising
Note:
(a) Shifang 四川省德阳市 什邡市
(b) ZHU Fushou, the chief executive of Dongfeng Motor Corporation
朱 福寿/ 东风汽车公司 http://en.wikipedia.org/wiki/Shifang