tag:blogger.com,1999:blog-7820485130017459619.post5302599754874612280..comments2023-10-24T01:46:47.151-07:00Comments on CynicusEconomicus: China - What Future?Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7820485130017459619.post-39961579118292085762008-09-30T01:51:00.000-07:002008-09-30T01:51:00.000-07:00As an American living in Beijing and teaching Econ...As an American living in Beijing and teaching Economics at a large Chinese university I read this article carefully. Here in Beijing there are hundreds of modern buildings and gleaming shopping centers popping up everywhere. Every luxury brand in the world is available but it doesn't seem that any of them are actually selling anything. At the same time the Chinese are buying new cars at a rapid pace despite the fact that traffic is terrible and parking often non existent. Everyone seems to have money to spend but they are still careful where they spend it. I think that someone has spend a lot of money on retail shopping centers which will never make money.Anonymousnoreply@blogger.com