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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (48635)	1/3/2006 5:18:52 AM
From: GST	Respond to of 110194

Yes, the government in China is relatively weak. It is essentially a capitalist economy and anything goes. The environment has suffered as a consequence. The gap between rich and poor -- which is largely a rural versus urban divide -- is stark as well. Basically you have less than half the people doing well and two thrids struggling under really tough conditions. Of course the part that is doing well is larger than the population of the US, Canada and Mexico combined. The part that is doing really well is somewhere over 100 million people -- and that is not a high percentage. This number should swell to about 300 million in coming years -- which is about the size of the US. I sometimes help foreign journalists to cover stories in China -- the reporters all say that their editors just love to do stories on "peasant uprisings". No question there are unhappy folks -- I leave it to you to define exactly what needs to take place to justify calling something a "peasant uprising", but it makes for great press in the good old USA. You gotta sell newspapers somehow I guess -- and if it takes "peasant uprisings" to do it, well lets have more of them, whatever they are. By the way, do we have peasant uprisings in the USA? Just catching a plane for Delhi -- later.