worth reading: will china’s boom go bust?
from the New York Times …
GUANGZHOU, China, Sept. 3 — Looming through the gray smog of every big Chinese city these days, high above the incessant rattle of jackhammers, are the construction cranes, slowly swinging back and forth over huge steel and concrete boxes wrapped with fine lattices of bamboo scaffolding.The question here and across the country, though, is how much longer the cranes will stay busy, and with them an economy that is powering a big chunk of the world’s growth and terrifying trading partners from Tokyo to Washington to Brussels.
While this week’s visit by Treasury Secretary John W. Snow has focused attention on the value of China’s currency, the yuan, the worry in China is that the economy is overheating.
click here to read the rest.
09.07.2003, 1:54 AM · News