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May 27, 2011

What if...

What if China is encouraging extreme overproduction in housing, cars and infrastructure for the purpose of moving quickly into the socialist phase of development? 

1 comment:

justrecently said...

I think that the old screenplay may still count for the CCP in the long run - but overproduction is probably a means for local party leaders to earn themselves fame, and the credentials it takes to rise to the provincial or national top.

Only once they are members of the central committee, the polit bureau, or officials with the state council, will they emphasize the need for "macro-economic controls" to keep inflation down and to safeguard quality, building safety, you name it. ;-)