International Law

Important Note from CDE

By Stan

The economic situation is getting scarier, and we are seeing some of the social effects. China Briefing keeps this issue up front and center:

Across China, multiple problems are arising with social unrest issues. Recent riots in Shenzhen over the accidental death of a bicyclist and outbreaks of minor, yet disturbing incidents in Shanghai and other cities are beginning to highlight the problems the Communist Party is having with promising wealth to its citizens, yet also having to oversee a massively deflated stock market, declining property values and unemployment on an increasingly worrying level.

Best to keep on eye on this. Any positive effects from the Big Spending Package? Generally, I think spending on education and health care, coupled with tax relief, has to be a good thing.

Full post as published by China Hearsay on November 11, 2008 (boomark / email).