Crash and Burn

For years, the Beijing regime has stayed in power using a basic bargain with its citizens: Tolerate our authoritarian rule and we'll make you rich. And for years, this seemed to work, leading many China-watchers (myself included) to conclude that Beijing was rising into great-power status. But as the financial crisis shows, that bargain rests on weak foundations. And if Beijing breaks its end of the deal, its people, already holding rising numbers of ... Full Story »

Posted by Kaizar Campwala
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Subjects: World, Business
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Posted by: Posted by Kaizar Campwala - Nov 18, 2008 - 7:25 AM PST
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Edited by: Kaizar Campwala - Nov 18, 2008 - 9:10 AM PST

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Derek Hawkins
4.1
by Derek Hawkins - Nov. 18, 2008

The New Republic shows how an economic downturn in China similar to that in the United States could bring large-scale protest. Very effective in explaining the social and economic circumstances that would allow for such unrest.

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Kaizar Campwala
4.0
by Kaizar Campwala - Nov. 18, 2008

A great read about the impact economic instability could have on the Chinese government.

See Full Review » (11 answers)
Patricia L'Herrou
3.9
by Patricia L'Herrou - Nov. 19, 2008

a good overview and analytic speculation , based upon protests in china as economic stability falters. implies that if protest increases, it may bring about change in china's gov't policies. not mentioned is another major , possibly mitigating factor: the demand of so much of the population,, based upon their history ,for stability, which the gov't has so far provided well.

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Walter Cox
4.0
by Walter Cox - Nov. 19, 2008

An excellent overview of a topic that few people are familiar with. Takes the reader from a position of zero knowledge and builds skillfully so that anyone completing the article will understand how the current global financial crisis is likely to affect China.

I have watched the Chinese economic expansion with real interest, since it seems to be based on an economic policy that skillfully balances increases in the medium of exchange with increases in domestic production. My last trip to China was long ago (1984) and I hope to visit again before too much time passes

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Patricia Blochowiak
3.8
by Patricia Blochowiak - Nov. 19, 2008

The Chinese government is in danger of losing the Mandate of Heaven, as has happened at other points in Chinese history. Good descriptions. Perhaps not enough to convince those without background knowledge about China and its history.

I spent the academic year 1988-89 in China, leaving shortly after June, 1989, and the description of dissatisfaction feels very familiar. Nearly everyone I spoke with wanted me to find a way that they could come to the U.S. The situation was very different when I returned in `1995 and 1997.

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Kenneth Sibbett
4.6
by Kenneth Sibbett - Nov. 18, 2008

I thought this was a fascinating article that I strongly recommend. I's filled with facts and great insight.

While the rest of the world are going through at least a recession or in some cases a depression, I did not know that China, while going through economic problems, was as bad as the author said. With the new found independence of the Chinese youth, the problems China will have taking away this new wealth and freedom, as it is, will have world wide repercussions and Barch Obama and his new cabinet very busy.

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Norman Rogers
3.3
by Norman Rogers - Nov. 18, 2008

A clear look at the Chinese government.

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