男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
  Facebook
Home > Business

Investment, not austerity

( China Daily)

Updated: 2013-05-21

Reporter's Log | Tom Clifford

 Investment, not austerity

Entrepreneur Lei Hongmei has opened a shop selling European-style crystal chandeliers. Feng Yongbin / China Daily

Faith restored. There are differences, not all stark, between the landmasses of China and Europe but there is much in common, too.

Certain areas are less well off than others, and certain areas less fertile than others. Some areas are coastal, some inland. Europe is not poor, but the eurozone is acting as if it were bankrupt. It is not. Most of the bailout money given to Greece actually went to banks. Only about 15 billion euros out ($19 billion) of the 410 billion euro Greek bailout actually went into the economy, the rest went to financial institutions

Guizhou is not China's most prosperous province but it is investing heavily. It would be easy to plead any number of reasons not to. Alright, China has more money than Europe and can afford to invest. That argument stands up until countered by the simple fact that China is still a developing economy and besides, Germany is wealthier than Guizhou.

Cranes are blooming in Guizhou. Ah, says the naysayer, exactly the type of profligacy we saw in Ireland and Spain. Well, no: Guizhou is investing not just in buildings but also roads and transport networks, in villages and communities. Affordable housing and communities were never a priority in Ireland or Spain during the boom years. There is no guarantee in any economic planning that investment forecasts will be met, that all the goals will be achieved. It is a risky venture and a degree of caution is not to be scoffed at. But there comes a point where faith must be placed in the people or institutions. The priority, within clearly defined restraints and disciplines, must be jobs not bottom-line figures.

The United States had its "New Deal" under FDR, its "Great Society" under LBJ and, to a certain extent, Barack Obama is now investing with QEs I, II and III. This alphabet soup of progress worked and is still working. The Chinese Dream is taking shape in places such as Guizhou, and what happens there may have ramifications in places where investment is considered heresy and too much faith has been placed in austerity.

Events
Copyright?2013 - Guiyang Municipal Internet Information Office All Rights Reserved.
主站蜘蛛池模板: 平远县| 老河口市| 宣武区| 广宗县| 微山县| 泽库县| 固阳县| 西盟| 利川市| 寿宁县| 彰化县| 清远市| 潞城市| 珠海市| 天水市| 长垣县| 揭阳市| 芜湖县| 嘉荫县| 闻喜县| 中西区| 保康县| 新民市| 勐海县| 南京市| 尚志市| 麻江县| 中江县| 垣曲县| 金湖县| 金溪县| 辽阳县| 博野县| 凤阳县| 哈尔滨市| 靖远县| 湘潭市| 体育| 仙游县| 高台县| 安乡县| 海晏县| 建阳市| 双桥区| 体育| 辽宁省| 华池县| 丘北县| 郑州市| 新郑市| 鄂州市| 丰原市| 贵港市| 南溪县| 汝州市| 永昌县| 溧阳市| 镇巴县| 枣强县| 永济市| 南江县| 赞皇县| 城固县| 淳化县| 昭通市| 凭祥市| 腾冲县| 饶河县| 玉龙| 北流市| 渑池县| 涿州市| 双柏县| 邯郸市| 全南县| 嘉义县| 辽宁省| 青阳县| 南通市| 华安县| 阿拉善右旗| 中江县|