When talking with Chinese friends and co-workers about the pollution levels in Nanjing (awful compared to developed countries, but decent for Chinese cities), they are quick to point out that foreign companies in China are the ones that should be blamed for the filthy air. While it is absolutely true that foreign companies are adding to China’s environmental woes, I’m not convinced they should shoulder all the blame. Today, I’d like to start by discussing three points related to this statement, and I hope you’ll continue the discussion in the comment section below. Production for the West This factor is undeniable. Western consumers have benefited from the destruction of China’s environment by purchasing cheap goods. If all of our environmental standards were enforced globally (and […]
The top story this week was the Shanghai metro crash which I covered in a recent post. The accident reignited the debate about the speed with which China is building infrastructure. Adam Minter reflected on the greater meaning of the crash for Shanghai residents who have no choice but to commute to work on the subway in his piece “Shanghai rail commuters get onboard with a prayer“. China also launched the first components of its new space station, which should be fully operational around the time the International Space Station is decommissioned. This great technological accomplishment coming on the heels of a needless crash creates an interesting contrast between technical achievements, and the ability to manage and maintain these systems. The cost of development was also […]
Today we’ll be looking at a few of the upsides of these projects, and why they are for the most part appreciated by the people, despite the corruption and problems these vanity projects can cause (read my updated post on some of the problems). Jobs As the US entered the recession questions were raised about Keynesian economics, could gov’t spending really be the answer? While we battened down the hatch for another long debate as to whether or not it might be effective, and then moved on to how much to spend, China pushed ahead with massive spending. While the long-term results are unclear (10 trillion rmb in local debts is worrying), the immediate benefits were obvious. Not only did several cities launch plans for expanding desperately needed […]
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