The Chinese government is on a path to revitalize infrastructure and are doing so through building many luxurious new airports. Although the airports are expected to loss money over the long run, the Chinese government is only focused on the effects the new infrastructure spending will have on the economy. So why is China enjoying… Continue reading China’s Airport Network Growing
Is China growing too fast? The country that currently lays claim to the second largest economy is experiencing negative externalities from their rapid growth. One of these externalities that does not seem to go away is the smog and pollution problem in major cities. As posted by others already, China is also undergoing another strain… Continue reading China Growing Too Fast?
In a lecture given at the Heritage Foundation, it was stated that there are four issues China is currently facing. One of those issues is the economy. It is clear to see that China has experienced one of the most rapid growths in the past few decades. The main argument behind the idea that China… Continue reading An Economic Issue Facing China
Harvard graduate, Liu He, was appointed as a vice chairman by President Xi Jinping to the National Development and Reform Commission. He is a graduate of the Kennedy School of Government at Harvard and previously served as a Communist Party Secretary. Officials say that this is an extraordinary appointment considering “Liu He is on… Continue reading Harvard Graduate Named To China’s Top Economic Planning Agency
Bouncing back from one of an economic downturn, China is reportedly experiencing an increase in their manufacturing activity. “The Purchasing Manager’s Index (PMI) was at 50.9 in March, up from 50.1 in February, official data showed. A reading above 50 indicates expansion.” Even though these reports are looking promising for China, economists point out many… Continue reading Manufacturing Conditions Improving
While reading Country Driving, it becomes apparent that traffic laws are not the same in China as they are in the U.S. and residents of China have a different attitude towards driving than residents of the U.S. The author describes many instances of bribery that occur within the city and how accidents among vehicles are… Continue reading Traffic Laws in China