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The ambition of China's 30 provinces - most of which continue to target growth rates of 10% or...

The ambition of China's 30 provinces - most of which continue to target growth rates of 10% or more - is checking Beijing's efforts to slow down the economy. Noting a lack of energy supply, as well as degradation to the environment, the head of China's NRDC begs them to ease off the gas.
Comments (3)
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    "China" has gotten so big that even CHINA can't control its own growth.
    6 Jan 2011, 10:01 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (540) | Send Message
     
    That's an important point. People often fall into the trap of thinking a few guys around a table in Beijing (or Washington) can pull a few interest rate or regulatory levers and direct an economy of several hundred million or over a billion people. It's just not so.
    6 Jan 2011, 10:04 AM Reply Like
  • bob adamson
    , contributor
    Comments (4555) | Send Message
     
    Keep in mind as well that over the past decade or more the growth and development rates in the great metropolitan coastal centres has far outstripped corresponding growth in much of interior China. Continuing to stimulate growth outside the rapidly growing coastal urban centres may well be as important to China and its central government (economically, socially and for the future stability of the nation and regime) as cooling the pace of growth in the overstimulated coastal centres.
    6 Jan 2011, 10:36 AM Reply Like
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