Opposites Attract

If the old saying that opposites attract is true, China and the US are perfect for each other.

The Huffington Post’s Robert Lenzner writes that China Needs to Hit the Brakes; US Needs to Step on the Gas.

Lenzner explains that China’s economic goals are to avoid what happened in the US when subprime mortgages burst the real estate bubble and almost brought down the West’s house of cards.

To succeed, China is attempting to slow its economic growth and smother inflation.

However, in the US, the opposite it happening as the US wants to add to the national debt to avoid deflation and stimulate the economy at the same time.

Lenzner points out why China has everything to lose if this doesn’t work. China’s current 12th five-year economic plan is concentrating on the rural poor, and it is about time.

In fact, smaller cities are being built for some of the rural poor while extending electricity to remote villages across China.

At the same time, China is expanding the rail system and building more roads to reach people that haven’t been touched by China’s economic progress.

To avoid unrest, China’s future depends on improving the lifestyles of about 700 million rural Chinese.

Learn more at Volting all of China into the 21st Century

______________

Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too. 

If you want to subscribe to iLook China, there is a “Subscribe” button at the top of the screen in the menu bar.

Comments are welcome — pro or con. However, comments must focus on the topic of the post, be civil and avoid ad hominem attacks.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: