Because I going on a study trip to Hong Kong in April and May. I try to prepare myself a little bit by reading articles about China and doing business in China. Yesterday I found out that there was a documentary on the Dutch television about China’s economy, but I didn’t had the time to watch it. So I did it today.
China redefines economic laws as we know it. Looking at the figures on the Chinese economic we could believe there will be no end. But how much strain is there in that growth? According to Western standards there isn’t any left. But China is going to prove that it will creates its own economic rules with the hinterland and its huge domestic market.
A construction worker, a car salesman and a real estate magnate will tell their own dreams and their belief in the economic miracle. People with very different positions on the economic ladder, but with one common ambition: come up higher. As archetypes of the developmental stages of the Chinese economy, they will give a face to the miracle of unprecedented rapid growth.
Chinese economists and commentators have also come to the floor, including Andy Xie. They see a real estate bubble in the making and explain when and how they might burst apart. But they do not fear for the long-term consequences of this bubble. The burst will hurt and will require to reform, but the economic downturn will be short-lived.
A Chinese perspective on the limits of growth.
It’s partly in Chinese and partly English with Dutch subtitles. Enjoy!
Bekijk de video in andere formaten.
hey Simon,
I think those articles and facts about China are very hard to justify. I just lived there for 18 month. Yes there are certainly problems like a real estate bubble but that is rather limited to some regions like Shanghai, Beijing and maybe Chengdu, Chongqing and Tianjing. Hongkong is a whole different story to which I can’t say anything.
China is so huge and the development of different regions is in so many different stages that in my oppinion it is impossible to make valid statements about china at all.
But I agree for sure that China still has much space to grow and it will continue to do so (also if some bubbles might burst)
greetz René
ps: Could you please install any of those subscribe to comments plugins that email me as soon as other people reply?
Rene, thanks for your comment!
I have to agree with you that there are big differences in different regions in China. I find it fascinating to see how China is growing and how it is dealing with the problems and the bubbles that might burst. So China is now growing in some regions, and maybe in the future it while also grow in some poor regions. I think that China is really going to redefine the economic laws as we know it today.
And thanks for the tip. I installed Subscribe to Comments :)