Wednesday, June 15, 2005

China

Via New York Times, China Is Said to Consider $15 Billion Bailout of Stock Market!!!

A stock-market at 8 year lows says enough about China's economic mirage. The cracks in the system are now showing, pitting the economic expansion of the Chinese State against the political rights of the Chinese people.

Consider, via Washington Post, Armed Thugs Attack Chinese Farmers. Also see included video.

1 comment:

Icarus said...

In all fairness, most of the biggest Chinese names don't list on the Shanghai exchange, but rather the Hong Kong exchange (Hang Seng), which has been doing alright.

But the story about the villagers getting killed by paid thugs does highlight a lot of the internal strife China is seeing right now between rich and poor, rural and urban, etc.

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