男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Opinion

Fast times over for the smaller cities

By Ed Zhang (China Daily) Updated: 2014-02-17 07:23

But other cities that don't have much industry to attract outside workers, especially skilled ones, cannot even earn much from land auctions.

If new housing units don't sell well, local governments' land auctions will no longer be attractive to private investors in local development schemes. Small wonder that, as the Chinese media reported last week, some local governments have gone so far as to require their staff members to buy some of the housing units that have failed to find buyers in the market.

Fast times over for the smaller cities 

Regions continue to rely on capital investment for GDP 

Fast times over for the smaller cities

Solutions needed for urbanization 

This means, in the game based on the old development model, only a few large cities can win, while many other cities will fall further behind. Especially at a time of overcapacity in many fields of manufacturing, the losers can't expect to catch up either by selling more land or attracting more investors.

This is exactly the state of many local governments. The local economy is losing steam and the officials still don't have a workable strategy for change. In other words, they are in crisis, whether or not they acknowledge it.

It may sound paradoxical the country that has produced the world's fastest growth record in recent times is running out of ideas for further growth, especially viable and sustainable growth, at the local level. But this squares perfectly with the latest reports about lackadaisical business activities, weak energy demand and low inflation.

It also squares with the fact that a nation ranking only about 90th in per capita GDP (there are different listings by different international organizations) can hold so much money (in both trade and capital surpluses) without knowing how to spend it.

Running out of ideas is a typical part of the learning process. At no time in the past 30-odd years has it become so imperative for China's local officials to learn to be entrepreneurial. They can depend on the central government for general guidelines, but not for exactly what to do to differentiate themselves from other cities in business development.

This is also why we've got two hugely divergent views about how the Chinese economy will fare in 2014.

Those who focus on the micro-level have sent out alarms by pointing out an unprecedented crisis here or there.

The author is editor-at-large of China Daily.

 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 平度市| 全州县| 遂宁市| 垦利县| 贡山| 定安县| 额尔古纳市| 博湖县| 麻阳| 宜黄县| 吴旗县| 嘉黎县| 南汇区| 临湘市| 滕州市| 基隆市| 德化县| 兴宁市| 阿克苏市| 许昌市| 聂荣县| 三原县| 银川市| 建平县| 安仁县| 平乐县| 涪陵区| 福泉市| 旬阳县| 射洪县| 蒲江县| 田东县| 崇左市| 汨罗市| 开化县| 如皋市| 云和县| 彰化市| 宜兰市| 邵东县| 界首市|