China Crushes Peasant Protest, Turning 3 Friends Into Enemies
From New York Times today: “The government uses China’s 800 million farmers to provide grain, labor and capital for urban development. State banks take deposits in rural areas but make loans almost exclusively to richer ones. The authorities pour resources into prestigious urban projects, like the $1.24 billion Shanghai spent to build a state-of-the-art Formula […]
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