In human history, nothing has changed faster than China’s fortunes: the country has shown brutal, breathtaking, miraculous, and stupendous economic growth.The future may well belong to China notwithstanding the lack of democracy, institutions, demographic dividend, market-driven economy, and transparency.
Steeped in its ruthlessness, China can collapse only because of its own “screwing-up”; others don’t seem capable of toppling it. The Chinese story is here to stay.
Steeped in its ruthlessness, China can collapse only because of its own “screwing-up”; others don’t seem capable of toppling it. The Chinese story is here to stay.
The Chinese Economic Miracle (some samples)
- Which country spends more than $1bn per day to build world-class infrastructure?
- Which country can add the equivalent of 100 Channel Tunnels in just 5 years?
- Which country consumes half the world’s cement, one-third of its steel, and one-fourth of its aluminum?
- Which country can boast of building a skyline (in 10 years) that is twice that of Manhattan (built over 100 years)?
- Which country runs the fastest train in the world?
- Which country has more Starbucks than the US?
- Which country buys more cars, trucks, refrigerators, washing machines, air-conditioners, and other kitchen / home appliances than the US?
- Which country can add 105 GW of power in one year, equal to the entire generating capacity of India?
- Which country is the world’s largest producer of power from renewable energy?
- Which country could build 50 new Nuclear Reactors by 2020, whereas the rest of the world will have only 15?
- Which country produces 95% of the rare-earth metals like yttrium and lanthanum that are needed for everything from iPods to precision-guided weaponry?
- Which country insists that producers who want to use these rare metals have to set up shop there (in the home country)?
No comments:
Post a Comment