"Is Red China approaching a tipping point? China typically receives glowing praise in the Leftmedia for its growing economy, now the world's fourth largest, and for improving its living standard. But life in the Workers' Paradise may not be as rosy as reported by the MSM, according to Minxin Pei in
Foreign Policy. The Chinese government accounts for 38 percent of China's GDP, compared to 28 percent in the U.S. (which is itself far too high). Furthermore, it controls over half the country's industrial assets and one third of the employees. With government corruption widespread and unpunished, China's economy will likely start showing the detrimental effects of state control. Toss in the third worst healthcare system in the world, social inequalities and no conservation safeguards, and it would appear that China is heading for economic and civil instability. Together with the Middle Kingdom's massive military buildup, these developments require the U.S. to keep this region under sharp scrutiny."
The Patriot Post
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