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To: craig crawford who wrote (125923)	6/3/2001 11:21:46 PM
From: Victor Lazlo	Read Replies (5) \| Respond to of 164687

<<Today China is all construction, markets, and factories. Looking east from our hotel room in Nanjing, the old southern capital, we counted twelve separate cranes working at skyscraper sites, not that there was any shortage of skyscrapers. Everywhere the Chinese are feverishly building highways, houses, shops, and factories. Many of the roads are as good as the Autobahn – and much of all this has been built by hand, just as were the Grand Canal and the Great Wall a couple thousand years ago. Along all the roads in every town and village we found constant activity, bustling markets, Chinese eagerly working, buying and selling at every turn, and an astonishing array of new consumer goods—bicycles, radios, trucks, cars, TVs, clothes—made by both foreign and domestic manufacturers. You name the consumer good, and the Chinese are buying and selling it. China is by far the most dynamic country we’ve encountered, making the boomtimes in Ireland and Turkey pale in comparison. >> that's bs; if the majority of Chinese make 3 bucks a week how the heck are they buying TVs and cars at every turn, c'mon Craig. it's hype, and it was probably published several yrs ago when everyone and his brother was trying to make a fast buck on the hot "Asian Tigers". And mainland china has a huge problem: tens of millions of peasants from the countryside, mostly the interior provinces, are starting to migrate to the cities, to the coastal regions, to seek work. Problem is the infrastructure will not be able to handle it; they can barely handle all the people there now. I'm not saying China is not growing, of course it is. But they also fudge their growth figures to make them look better. And if you want a country that is doing well, look at Taiwan.