Welcome Guest
( Log In | Register )
The time is now 8:30 pm
You last visited January 23, 2017, 7:51 pm
All times shown are
Eastern Time (GMT-5:00)

"Is the party over in China? Massive unemployment looms

Published:

"Is the party over in China? Massive unemployment looms

Friday, February 15, 2008

Source: World Tribune

"China watchers are predicting a drop in the GNP growth rate this year and for the foreseeable future. Most are attributing the expected fall off this year - from last year's official 11.4 percent, the fifth year in a row of double digit expansion - to the expected downturn in the U.S. and the world economy in general.

Even the 2007 growth rate wasn't that high when compared with the peaks of the 1980s and 1990s, when GDP growth in some years surpassed 15 percent, coming out of the stagnation and even losses at the end of the Maoist era.
The downturn is going to be welcomed in some Chinese leadership quarters because of the fear of runaway inflation from an overheated economy - now fed by food shortages and the impact of the worst winter in 50 years. "


http://www.worldtribune.com/worldtribune/WTARC/2008/ea_china_02_15.asp


Entry #783

Comments

1.
jarasanComment by jarasan - February 16, 2008, 9:53 am
Looks like it got a little lead (Pb) in it. HA!
2.
konaneComment by konane - February 16, 2008, 10:00 am
Thanks Jarasan! Yes and a little bit of melamine in gluten added to dog food too.
3.
jarasanComment by jarasan - February 16, 2008, 10:10 am
I think one of my birds was off'd by their poison. I check everything now and don't buy made in china, it is hard but doable. Even rice crackers!
4.
konaneComment by konane - February 16, 2008, 10:21 am
Very sorry to hear that! They need better quality controls but when people have been under communist oppression as long as they have been some appear to have lost touch with their humanity which seems to be what happened in the grab for wealth.

Several months ago I posted a link to a series of photos from a Chinese site of a person going around to collect chickens believed to be killed by bird flu showing them processed to be sold in a food market. [stomach turns and almost heaves] Translation said the photographer who took that series of photos succumbed to bird flu and died.

You must be a Lottery Post member to post comments to a Blog.

Register for a FREE membership, or if you're already a member please Log In.