Sunday, January 27, 2008

GREAT WALL OF CHINA

The biggest division in China today is between the rich and the poor. The advances of Chinese capitalism have left the working class well behind. "Despite its growing wealth, China still has a large number of poor people struggling with dramatic increases in the price of daily essentials such as pork, which jumped by 50%. Inflation hit an 11-year year high in November. Thursday's figures show that it fell back in December, although at 6.5% it remains a worry. The government has introduced a range of price controls recently aimed at bringing the cost of ordinary goods, particularly food, under control. Dramatic price rises have led to social unrest in the past and Beijing cannot afford for its millions of poor to go hungry." (BBC News, 24 January) RD

No comments: