After 30 Years, Economic Perils on China’s Path
It has been thirty years since a huge reform in the Chinese economy that transformed it into a global economic power. Now, China is facing some economic problems. Their exports have decreased for the first time in seven years and many factories are facing possible strikes or closures. While reading this article, it dawned upon me that that China's censorship policy has a major benefit. In the United States, the doom-and-gloom portrayed in the media has added to the effects of the repression, and led to some self-fulfilled prophecy. In China, where some of the economic problems might not be broadcasted, this phenomenon is not present.
http://www.nytimes.com/2008/12/19/world/asia/19china.html?pagewanted=1
http://www.nytimes.com/2008/12/19/world/asia/19china.html?pagewanted=1
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