{"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 v23.9 (Yoast SEO v23.9) - 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. 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