Wednesday, March 03, 2004

economy - Hit the brakes!

The economy might growth this year 7 percent, says Xinhua today, quoting a high government official.
We all know this is propadanga from the state news agency: economic growth will be much higher. They only tell us what the government wants us to believe. Efforts of the government to cool down the economy bring only down the figures in Xinhua. The Wall Street Journal (paid reg.)suggests that tightening the credit lines did not work. All international media only report on the effects of the unprecedented growth.
What we need is another Zhu Rongji, who brought the high-speed growth in the 1990s to a standstill, although the economic crisis in Asia also helped a bit.
Not only for economic reasons this is necessary, on a personal level economic growth is making us all crazy. After traveling for months in Japan, Europe and the US, where real economic growth only figures in the history books, I had almost forgotten how tiring China is. I lost track on the number of starting projects I'm involved in, some fortunately got killed in an early phase, but it is really inhuman. The speed and opportunities are just.
An urgent appeal on behave on the Shanghai citizens: stop the growth, help us!

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