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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GST who wrote (48632)1/2/2006 2:22:23 PM
From: mishedlo  Read Replies (1) of 110194
 
The recent police killing in China's Guangdong Province of as many as 20 villagers who were protesting the government's seizure of land for a power plant is symptomatic of an emerging pattern of rural unrest that challenges the very legitimacy of the Chinese state and the development path on which it has embarked.

China's fabulous growth since the 1980s was achieved through environmental destruction and social and economic polarization which now threaten its continuation. This paradox puts the state in near panic as it tries to hold down the resulting widespread unrest in the countryside. While rural strife is not new - in 1994, I witnessed thousands of peasants in Henan Province fight a local government militia over unpopular taxation and state policies - its scope and frequency have increased greatly.

Rural unrest is the biggest political problem China faces today, even though lethal violence in such events is rare. In 2004, according to official estimates, there were 74,000 uprisings throughout the country - a result of widening gaps between rich and poor, and between urban and rural areas, and between the rapidly growing industrial east and the stagnating agricultural hinterlands.
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