Mid October however, a cutback in the crucial urbanisation program was announced without detail. Constructing almost two cities the size of Beijing every year until 2020 is now on hold!
Why shelve such an economically strategic project when China is experiencing rapidly rising unemployment and declining export earnings but has US$1.9 trillion in reserves?
Just how good is China's economy?
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Just how good is Rudd's knowledge of China?
How well researched is the Rudd Strategy?
A more disciplined and well researched approach would appear more professional and logical than that made on the run in recent weeks producing flawed decisions and panic.
How much consideration has been given to China's reckless drive for continuous growth at all costs that overlooks the laws of economics, sustainability and the finite resources of planet earth and its fragile atmosphere?
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About the Author
Arthur Thomas is retired. He has extensive experience in the old Soviet, the new Russia, China, Central Asia and South East Asia.
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