Is China Headed for a Crash?

choi

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Philip Bowring, Is China Headed for a Crash? International Herald Tribune (
IHT), May 11, 2010 (available now).
http://www.nytimes.com/2010/05/11/opinion/11iht-edbowring.html
("But what it [China] cannot afford, particularly now that its workforce is
no longer growing, and urbanization is slowing, is inefficient use of
capital")


My comment:
(a) IHT is a Paris-based, wholy-owned subsidiary of New York Times Company.
(b) Mr. Bowring is an IHT columnist and former former editor of the Far
Eastern Economic Review.
(c) knock-on effect: "Usage: Brit[;]  A secondary or incidental effect"
http://www.wordwebonline.com/en/KNOCKONEFFECT
(d) The first part of the article is unremarkable. You may start from the
middle--the paragraph that begins with "But a more balanced housing market
could reveal a bigger problem."


-------------Separately
(1) 黃碩, 大家談中國：調控房價也需問責. BBC Chinese, May 7, 2010.
http://www.bbc.co.uk/zhongwen/trad/indepth/2010/05/100507_coc_china_houseprice.shtml
("筆者所在的首都北京，現在的房屋平均價格每平方米已經達到了25000元人民幣。從
市中心乘坐地鐵40-50分鐘才能到達的通州，那裏的房子價格有的已超過30000元每平方
米。")

Note: 通州区 (北京市)
http://zh.wikipedia.org/zh/%E9%80%9A%E5%B7%9E%E5%8C%BA_(%E5%8C%97%E4%BA%AC%E5%B8%82)

(2) Charles Hutlzer, Chinese city opens its books in a step for reform.
Associated Press, May 9, 2010.
http://news.yahoo.com/s/ap/20100509/ap_on_re_as/as_china_power_of_the_purse_2

Note:
(a) Wenling (浙江省台州市)温岭市
http://zh.wikipedia.org/zh/%E6%B8%A9%E5%B2%AD%E5%B8%82
(b) hurly-burly (n): "UPROAR, TUMULT"  www.m-w.com

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