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Politics : Politics for Pros- moderated
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To: Jorj X Mckie who wrote (408079)2/1/2011 8:29:55 AM
From: Katelew  Read Replies (2) of 794098
 
Most market watchers are expecting a significant correction in the real estate market as prices have been rising exponentially. Private land developers have overbuilt. China is raising interest rates to quell this and has insituted a tax on second homes to try and limit the numbers being bought.

These responses and the boom real estate cycle itself are characteristic of a market driven economy. I would think China will survive the corrective market forces if/when they come just like all market economies do. Hard to see why it wouldn't.

I'm one who has been impressed with how China has modernized so quickly and structured itself into a market economy. There are still many SOEs but the trend is to steadily and incrementally privatize them. I'm also one who doesn't have, right now, any issues with their one party system of governance.

Don't we all want Rs to control both houses and the presidency, i.e. a one party system, so as to be able to get some serious work done? <gg>
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