Sunday, December 10, 2006

Will china lose control of its economy?

A GDP growth of 10.5% will astonish the whole world. However this kind of growth has been continued for nearly 28 years. It seems that Chinese is losing control of the whole economic system. Let's take some cases for example, house(department) prices has rared up since 1998 when China stop its house(department) allocation system. Up till now, in Beijing, prices has been up to nearly 5 times higher in contrast. Although central government had taken measures to cool down the realestate industry, there was little effect. Also, theuprising of stochmarket in 2006 is amazing by nearly 100%. And there is no sigh of slowing down.

So some economists began to thinkof the problem!

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