Friday, March 30, 2012

东方明珠塔

For the past few years, China has been building and building new skyscrapers, even though the economy has not been that well. Since the financial crisis of 2008, China's GDP has been growing remarkably more from the construction boom. To keep the economy stable, the construction companies need to build more and more, completely unstable.
Global demand are down, and domestic wages of local companies are going up. China has had factories and exporting to depend on along side with the building of companies, but without them, the economy would crash. Domestic demand needs to be stimulated, but the economy is very unstable, and with one tap of a shoulder, it could go crashing down.

No comments:

Post a Comment