Dispelling the Myths Surrounding China's Growth

Adam Meyer, an architects practicing in Chengdu, scrutinizes some of the myths and projections surrounding China's rapid economic growth which have become so popular in the last half decade.
July 23, 2010, 10am PDT | George Haugh
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Meyer finds that "whereas the U.S. was built upon the backs of immigrants from outside of its borders, China's development owes its current success to its own huge population."

He rejects the notion that increased prosperity will bring about a democratic shift in Chinese governance. He finds that "citizens are too busy hustling to make money to be concerned with such matters." Similarly, he believes that the real estate bubble shows little signs of bursting because China's smaller cities will still power growth even when the tier one metropolises like Beijing and Shanghai begin to slow.

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Published on Wednesday, July 21, 2010 in New Geography
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