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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (36131)	7/16/2003 3:12:45 PM
From: RealMuLan	Read Replies (4) of 74559

China Growth Aims Environmentally Impossible - UN Wed July 16, 2003 02:10 AM ET SYDNEY (Reuters) - China's ambitious economic growth plans are environmentally unachievable because the world does not have enough resources to allow its 1.3 billion people to become Western-style consumers, a U.N. official said on Wednesday. Klaus Toepfer, head of the U.N. Environment Program, said China's aim of quadrupling its economy by 2020 can only occur if developed nations radically change their consumption habits to free up scarce resources for the world's poor. asia.reuters.com ================ To me it was like he was saying the world has only had enough energy resource for a couple of hundreds millions of people who live in the developed countries, but no enough resource for 1.3 billion Chinese, and by extension, for other couple of billions of people from other developing countries. >>China's aim of quadrupling its economy by 2020 can only occur if developed nations radically change their consumption habits to free up scarce resources for the world's poor.<< Why not?? this is a free planet. let's compete.

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