Monday, March 30, 2009

China Economy Suffering

Here is an article about rising unemployment in China. 

 

Bottom line:


Communist Party Chairman Mao Zedong believed that if the party lost the support of the peasants it would lose control of China. Mindful of that, the government had set a goal of 8 percent growth this year, fearing less would cause such high unemployment it would result in mass civil unrest.

That hasn't happened yet, but after two decades of economic growth, the global downturn is seen as the most serious test for the ruling Communist party in a generation.


Eventually the only thinkg that will sustain China’s economy will be war.

 

1 comment:

Ed said...

https://www.usni.org/forthemedia/ChineseKillWeapon.asp