the nuclear-powered poison pet food economy
Perhaps the only surprising news in the World Bank\'s quarterly report on China\'s economy released on Tuesday is that nothing is surprising.
China keeps driving. -
China\'s gross domestic product (GDP) continues to grow by more than 10% a year, the export sector continues to grow, and the stock market often breaks records.
Although some of these figures are amazing-
Exports rose 30% year on yearover-
In the first four months of 2007, China\'s overall trade surplus doubled to $63 billion. -
The World Bank concluded that there was no immediate danger that China\'s economy was \"overheating.
\"At least on the stock market, the Chinese government may disagree.
One day after the release of the report, China\'s Ministry of Finance announced that in order to slow the flow of capital into stocks, the transaction tax on share transfers will double, triggering a slump in the second largest market in the past four years. (
But, in contrast to the sharp decline in February, the rest of the world has so far shrugged. )
But whether the economy is overheating or not, the pace of expansion is still worrying when a country whose size is already as large as China continues to grow at an annual rate of 10% --
Incredible, especially when people consider the raw energy needed to keep industrial machines running.
This led to an article published by The Washington Post on Tuesday detailing China\'s plans to spend $50 billion on 32 new nuclear plants by 2032 ---
It may increase by 300 by 2050! --
The Post estimates that this is \"no less power generation than all nuclear power plants in the world today.
\"With this in mind, let\'s continue to discuss the roar of a popular Chinese blogger and journalist who was translated into English and published on Wednesday\'s blog Danwei.
In a tone of discontent that is not used to seeing in the Chinese media, Lian Yue complains that China cannot monitor the safety of its food supply: Or, people feel it is necessary to add, former pharmaceutical industry regulators have been sentenced to death for taking bribes from pharmaceutical companies. Thirty-
Over the next 25 years, two new nuclear power plants are in a country where the government cannot ensure that pet food is not poisoned.
China\'s economy may not be overheating, but it looks very close to radioactivity.