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

  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: 天天操天天玩 | 成年人的免费视频 | 美女一区二区视频 | 成人aaaaa| 国模吧一区二区 | 男人的天堂久久 | 丝袜综合网 | 亚洲一级黄色录像 | 国产精品久久久久久99 | 亚洲综合在 | 999福利视频 | 国产麻豆一区 | 国产视频不卡在线 | 成人亚洲一区 | 日韩免费在线视频 | 青春草在线视频观看 | 五月婷婷视频在线 | 都市激情中文字幕 | 成人h在线观看 | 青青青手机在线视频 | 三级中文字幕 | 麻豆一二区 | 黄色国产| 精品国产一区二区三区在线观看 | 国产激情网站 | 成人a级网站 | 国产激情视频一区 | 久草热在线视频 | 最新天堂av| 成人深夜福利视频 | av在线影院| 97超碰自拍 | 欧美黄色大片免费观看 | 欧美在线影院 | 女人久久| 国产又大又猛 | 成人手机在线视频 | 在线免费观看毛片 | 网站黄在线观看 | 国产精品a级 | 特级西西444www大精品视频免费看 |