{"id":123148,"date":"2011-08-10T01:12:53","date_gmt":"2011-08-10T08:12:53","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=123148"},"modified":"2011-08-10T01:12:53","modified_gmt":"2011-08-10T08:12:53","slug":"the-danger-to-china%e2%80%99s-economy","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/","title":{"rendered":"The Danger To China\u2019s Economy"},"content":{"rendered":"<p>On the surface it might appear that China is faring these turbulent economic times well.\u00a0 But buried beneath <strong><a href=\"http:\/\/the-diplomat.com\/2011\/08\/09\/the-danger-to-china%E2%80%99s-economy\/\">empty high-rise apartment buildings the shrinking middle-class cannot afford is an unstable economic foundation<\/a><\/strong>.\u00a0 The Diplomat reports:<\/p>\n<blockquote><p>While the United States, Europe and Japan remain mired in sluggish  recovery, China&#8217;s economy has continued to boom. But serious questions  are now surfacing about China\u2019s own state-led economic management.  Massive overcapacity in infrastructure, stubbornly high inflation and a  pile of potentially bad bank loans are undermining historic economic  reforms only half completed.<\/p>\n<p>Chinese planners face a serious dilemma \u2013 should they continue with  investment-led growth, or finally focus on building a robust middle  class, a policy nearly a decade overdue. Either choice will have global  implications.<\/p>\n<p>Staying the course with investment focusing heavily on construction  has starved other parts of the economy, costing the average Chinese  citizen dearly. Forced relocation, runaway environmental degradation,  and cash-strapped social programmes like education, healthcare, and  social security systems have been tolerated for questionable projects,  many with little practical use.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>On the surface it might appear that China is faring these turbulent economic times well.\u00a0 But buried beneath empty high-rise apartment buildings the shrinking middle-class cannot afford is an unstable economic foundation.\u00a0 The Diplomat reports: While the United States, Europe and Japan remain mired in sluggish recovery, China&#8217;s economy has continued to boom. But serious [&hellip;]<\/p>\n","protected":false},"author":965,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2,5],"tags":[3377,2509,392,3050,4117],"class_list":["post-123148","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","category-society","tag-bank-lending","tag-construction","tag-middle-class","tag-real-estate-bubble","tag-state-owned-enterprises","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Danger To China\u2019s Economy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china\u2019s-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Danger To China\u2019s Economy\" \/>\n<meta property=\"og:description\" content=\"On the surface it might appear that China is faring these turbulent economic times well.\u00a0 But buried beneath empty high-rise apartment buildings the shrinking middle-class cannot afford is an unstable economic foundation.\u00a0 The Diplomat reports: While the United States, Europe and Japan remain mired in sluggish recovery, China&#8217;s economy has continued to boom. But serious [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china\u2019s-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2011-08-10T08:12:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"alicebirney\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alicebirney\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/\"},\"author\":{\"name\":\"alicebirney\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/1c65d590ef43db54bde4b2cff3c3061a\"},\"headline\":\"The Danger To China\u2019s Economy\",\"datePublished\":\"2011-08-10T08:12:53+00:00\",\"dateModified\":\"2011-08-10T08:12:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/\"},\"wordCount\":177,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"bank lending\",\"construction\",\"middle class\",\"real estate bubble\",\"state-owned enterprises\"],\"articleSection\":[\"China &amp; the World\",\"Economy\",\"Society\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/\",\"url\":\"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/\",\"name\":\"The Danger To China\u2019s Economy\",\"isPartOf\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\"},\"datePublished\":\"2011-08-10T08:12:53+00:00\",\"dateModified\":\"2011-08-10T08:12:53+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/chinadigitaltimes.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Danger To China\u2019s Economy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"name\":\"China Digital Times (CDT)\",\"description\":\"Covering China from Cyberspace\",\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/chinadigitaltimes.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\",\"name\":\"China Digital Times\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"contentUrl\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"width\":186,\"height\":177,\"caption\":\"China Digital Times\"},\"image\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ChinaDigitalTimes\",\"https:\/\/x.com\/cdt\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/1c65d590ef43db54bde4b2cff3c3061a\",\"name\":\"alicebirney\",\"url\":\"https:\/\/chinadigitaltimes.net\/author\/alicebirney\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Danger To China\u2019s Economy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china\u2019s-economy\/","og_locale":"en_US","og_type":"article","og_title":"The Danger To China\u2019s Economy","og_description":"On the surface it might appear that China is faring these turbulent economic times well.\u00a0 But buried beneath empty high-rise apartment buildings the shrinking middle-class cannot afford is an unstable economic foundation.\u00a0 The Diplomat reports: While the United States, Europe and Japan remain mired in sluggish recovery, China&#8217;s economy has continued to boom. But serious [&hellip;]","og_url":"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china\u2019s-economy\/","og_site_name":"China Digital Times (CDT)","article_publisher":"https:\/\/www.facebook.com\/ChinaDigitalTimes","article_published_time":"2011-08-10T08:12:53+00:00","og_image":[{"width":186,"height":177,"url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png","type":"image\/png"}],"author":"alicebirney","twitter_card":"summary_large_image","twitter_creator":"@cdt","twitter_site":"@cdt","twitter_misc":{"Written by":"alicebirney","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/#article","isPartOf":{"@id":"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/"},"author":{"name":"alicebirney","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/1c65d590ef43db54bde4b2cff3c3061a"},"headline":"The Danger To China\u2019s Economy","datePublished":"2011-08-10T08:12:53+00:00","dateModified":"2011-08-10T08:12:53+00:00","mainEntityOfPage":{"@id":"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/"},"wordCount":177,"publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"keywords":["bank lending","construction","middle class","real estate bubble","state-owned enterprises"],"articleSection":["China &amp; the World","Economy","Society"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/","url":"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/","name":"The Danger To China\u2019s Economy","isPartOf":{"@id":"https:\/\/chinadigitaltimes.net\/#website"},"datePublished":"2011-08-10T08:12:53+00:00","dateModified":"2011-08-10T08:12:53+00:00","breadcrumb":{"@id":"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/chinadigitaltimes.net\/2011\/08\/the-danger-to-china%e2%80%99s-economy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chinadigitaltimes.net\/"},{"@type":"ListItem","position":2,"name":"The Danger To China\u2019s Economy"}]},{"@type":"WebSite","@id":"https:\/\/chinadigitaltimes.net\/#website","url":"https:\/\/chinadigitaltimes.net\/","name":"China Digital Times (CDT)","description":"Covering China from Cyberspace","publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chinadigitaltimes.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chinadigitaltimes.net\/#organization","name":"China Digital Times","url":"https:\/\/chinadigitaltimes.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/","url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","contentUrl":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","width":186,"height":177,"caption":"China Digital Times"},"image":{"@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ChinaDigitalTimes","https:\/\/x.com\/cdt"]},{"@type":"Person","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/1c65d590ef43db54bde4b2cff3c3061a","name":"alicebirney","url":"https:\/\/chinadigitaltimes.net\/author\/alicebirney\/"}]}},"_links":{"self":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/123148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/users\/965"}],"replies":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/comments?post=123148"}],"version-history":[{"count":0,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/123148\/revisions"}],"wp:attachment":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/media?parent=123148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/categories?post=123148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/tags?post=123148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}