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06 December 2010 |
Students rioting, demonstrations, broken windows and graffiti - yes this all sounds remarkably familiar. Welcome to Britain? No, China.
Students rioting, demonstrations, broken windows and graffiti - yes this all sounds remarkably familiar. Welcome to Britain? No, China. In a world where we are seemingly obsessed by irresponsible broadcasting of the tittle tattle and mutter from the gutter from Wikileaks, I find it astonishing that we are so complacent when it comes to mainstream news.
Only this week I heard one erudite commentator saying how well run the Chinese economy was with banking, growth, investment and even inflation under firm control. It seems that the more sceptical view on Chinese issues is coming from China itself rather than the armchair commentators elsewhere. A good example is that of inflation which, although at a two year high of 4.4%, is still seen as a reasonably moderate level. Well, back in the real world of Mr and Mrs Lim their life is very different and as the Lims, the typical workers, make up the majority of the population, their view should be taken account of.
We are seeing various factors playing out here. Firstly, domestic inflation in key areas is running at scalding temperatures with the price of certain key vegetables having risen by over 60% in the past year. Basic foodstuffs are essential for a well ordered society and if these are being priced away from the ordinary citizen then the authorities need to take care. "Inflation is the enemy of social stability" |
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