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.
Watch the documentary about the future of China’s economy →