Archives - Economics: Page 33
Author: amparo enriquez (Tue Oct 18, 2005 1:23 am)
Title: China's Economy
It seems that China is about to start a new and powerful spending program in order to help the most poor of its denizens. Probably around one billion Chinese are poor farmers that live in dreadful situations.
In China 10 percent of all families keep 40 percent of the GNP while 10 percent of families get only less than 2 percent. If the present government doesn’t take corrective measures soon chaos and social instability may follow.
The new spending program will have and impact in Chinese consumption something that in turn will trigger the demand for products and services from other nations, this are good news for the world economy.