The great mall of China
http://observer.guardian.co.uk/comment/story/0,6903,1212672,00.html
From soaring petrol prices to tumbling house values, the West will
wince at the impact of the world's latest boom
Will Hutton
Sunday May 9, 2004
The Observer
When an economy with 1.3 billion people doubles in size every 10
years, it is likely sooner or later to have an impact on the rest of
us. Last week, British home-owners and motorists began to feel what
making room for China will mean, following rises in both mortgage
rates and petrol prices. Within a decade it promises to be the world's
second economy after the United States, pulling more than 300 million
Chinese out of abject poverty. It is an achievement that no other
country has ever matched - and a profound challenge for the rest of
the world.
Will Hutton
http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&oe=UTF-8&selm=18510aff.0312130718.32c9a8a%40posting.google.com
Is the wakening giant a monster?
http://tinyurl.com/iws6
A Blueprint for the Future
http://tinyurl.com/9vga
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