日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Opinion

Fast times over for the smaller cities

By Ed Zhang (China Daily) Updated: 2014-02-17 07:23

But other cities that don't have much industry to attract outside workers, especially skilled ones, cannot even earn much from land auctions.

If new housing units don't sell well, local governments' land auctions will no longer be attractive to private investors in local development schemes. Small wonder that, as the Chinese media reported last week, some local governments have gone so far as to require their staff members to buy some of the housing units that have failed to find buyers in the market.

Fast times over for the smaller cities 

Regions continue to rely on capital investment for GDP 

Fast times over for the smaller cities

Solutions needed for urbanization 

This means, in the game based on the old development model, only a few large cities can win, while many other cities will fall further behind. Especially at a time of overcapacity in many fields of manufacturing, the losers can't expect to catch up either by selling more land or attracting more investors.

This is exactly the state of many local governments. The local economy is losing steam and the officials still don't have a workable strategy for change. In other words, they are in crisis, whether or not they acknowledge it.

It may sound paradoxical the country that has produced the world's fastest growth record in recent times is running out of ideas for further growth, especially viable and sustainable growth, at the local level. But this squares perfectly with the latest reports about lackadaisical business activities, weak energy demand and low inflation.

It also squares with the fact that a nation ranking only about 90th in per capita GDP (there are different listings by different international organizations) can hold so much money (in both trade and capital surpluses) without knowing how to spend it.

Running out of ideas is a typical part of the learning process. At no time in the past 30-odd years has it become so imperative for China's local officials to learn to be entrepreneurial. They can depend on the central government for general guidelines, but not for exactly what to do to differentiate themselves from other cities in business development.

This is also why we've got two hugely divergent views about how the Chinese economy will fare in 2014.

Those who focus on the micro-level have sent out alarms by pointing out an unprecedented crisis here or there.

The author is editor-at-large of China Daily.

 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产三级福利 | 一级黄色片网站 | 91网站免费 | 欧美日一区二区三区 | 亚洲成人激情在线 | 黄色一级免费视频 | 久久久久久久久久免费视频 | 国产做受高潮 | 超碰免费人人 | 荷兰av | 99国产精品久久久久 | 好了av在线 | 荔枝视频污 | 中文字幕视频二区 | 午夜视频入口 | 国产黄色片免费观看 | 九九九精品视频 | 美日韩黄色大片 | 成人在线免费av | 69av在线视频 | 日韩三级视频在线播放 | 粉嫩aⅴ一区二区三区 | √资源天堂中文在线 | 性感美女毛片 | 欧美一级免费视频 | 91精品国产免费 | 一区二区三区免费在线视频 | 欧美老女人bb | 国产视频网站在线观看 | 超碰伊人久久 | 亚洲视频播放 | 91福利视频在线观看 | 天天综合网天天综合 | 国产99久久久 | 成人亚洲在线 | 日韩视频a| 成人久久免费视频 | 蜜臀久久99精品久久一区二区 | 另类天堂av | 伊人激情综合 | 久久青青国产 |