China 2026: What will life be like? – Quentin Sommerville

From the BBC (link):

What will China be like in 20 years time?

In Shanghai’s urban planning exhibition, they have already mapped out the answer: the entire second floor is given over to a scale model of the city, now – and what it will become.

Every building is shown in painstaking detail, and the most breathtaking thing about this permanent exhibition is how quickly so much of it became reality.

But Shanghai cannot keep growing at this rate forever, and neither can China’s economy.

…So in 20 years time, things will be moving a bit slower.

But China will still be growing, at rates most developed countries envy.

And that is not all that will be different, according to Andy Rothman, China strategist for CLSA in Shanghai.

“The amount of personal freedom has improved dramatically,” he says.

“Twenty years ago the government was involved in almost every decision of day-to-day life. Today all of that’s gone.

“In order to have a market based economy, you have to let people be able to do whatever they want to do, and allow the free flow of information.”

May 22, 2006 8:03 PM
Posted By:
Categories: Economy, Society