Re:The China Bubble's Coming -- But Not the One You Think
by joe_the_user on Saturday August 01, 2009 @05:18PM
(#736687)
Hmm,
The fact that state imposes cap when it wishes should make it more likely that the state can also impose loan levels when it wishes. Moreover, I have read a number of news items
I think the idea of 'forced loans' came from the same area as fables of state-planned road running through schools and kindergartens
Uh, the point was not about exactly which projects the Chinese state choose to impose but that the Chinese can impose project and solely and only on bureaucratic initiative, even those projects involve considerable hardship on people. A well-known example of this is the Three Gorges Damn - up to a million people are thought to have been displaced by this initiative.
The fact that state imposes cap when it wishes should make it more likely that the state can also impose loan levels when it wishes. Moreover, I have read a number of news items
I think the idea of 'forced loans' came from the same area as fables of state-planned road running through schools and kindergartens
Uh, the point was not about exactly which projects the Chinese state choose to impose but that the Chinese can impose project and solely and only on bureaucratic initiative, even those projects involve considerable hardship on people. A well-known example of this is the Three Gorges Damn - up to a million people are thought to have been displaced by this initiative.