China’s Iron Olympic Grip Starts to Slip (With Video)

Michael Sheridan writes in the Sunday Times:

For all its export might, China is still a poor, largely agrarian country with perhaps 700m farmers and 150m migrant workers. The size of its economy is huge but, measured by wealth per head, it ranks 109th in the world, comparable with Swaziland or Morocco.

It faces an acute crisis as its people live longer but fewer are born; the old lack pensions and healthcare must be paid for. Half the population does not have clean drinking water and 16 cities are among the most polluted on earth.

So why, asked the mainland Chinese writers in a Hong Kong magazine named Kaifeng (Open), did China blow more than £20 billion on the Games?

They calculate that the total costs may exceed £30 billion, more than the Chinese government will spend this year on education or public health or relief for the Sichuan earthquake. These are questions that would make any ruler nervous.

Watch also, Ai Weiwei‘s video on this topic, via YouTube:

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