The social costs of Chinese growth
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Asia Times

Asia Times | The social costs of Chinese growth | Scoop.it
Steve Hutchinson's insight:

One of the benefits of growth in China. China's economic reforms have improved many people's lives across the country, however no one can deny the income inequality China has seen as a result, not to mention the thousands that have died as a result of pollution.

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Is Beijing's smog getting worse?

Is Beijing's smog getting worse? | The social costs of Chinese growth | Scoop.it
The BBC's Michael Bristow examines whether pollution in Beijing is getting worse, as smog descends on the Chinese capital.
Steve Hutchinson's insight:

Economic growth in China is not all well and good- another example of a negative externality from econ growth in China

 

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China lets Gini out of the bottle; wide wealth gap | Reuters

China lets Gini out of the bottle; wide wealth gap | Reuters | The social costs of Chinese growth | Scoop.it
BEIJING (Reuters) - China's statistics chief declared on Friday there was an urgent need for reforms to narrow the income gap between rich and poor, addressing head-on an issue that officialdom has ducked...
Steve Hutchinson's insight:

More evidence of the negative consequences of economic growth. China's Gini coefficient has risen drastically since the beginning of her economic reforms under Deng Xiaoping in 1978. Its interesting that, although China is a socialist country by name, the nature of her economic reforms by nature have improved the lives of many living in the city and coastal areas, however have done relatively little in comparison to the millions living in the Chinese countryside.

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China Leads In Foreign Direct Investment

China Leads In Foreign Direct Investment | The social costs of Chinese growth | Scoop.it
As consumption increases in China, more and more foreign enterprises are looking to gain a foothold in the country's vast, and expanding, domestic market.
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NatalieRanoszek's comment, September 26, 2013 9:04 AM
How does this impact the uk economy?
Steve Hutchinson's comment, September 26, 2013 1:39 PM
Jade: the long run impact of FDI in China is an higher growth in GDP, as companies expand and therefore produce more goods and services for that economy to enjoy. Is this what China and the rest of the world really want?
Steve Hutchinson's comment, September 26, 2013 1:40 PM
Natalie: its interesting that British companies are investing directly into China, as we saw with Berwins. This is potentially beneficial for the UK current account as money flows back into the British economy.
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Sir David warns against growth

Sir David warns against growth | The social costs of Chinese growth | Scoop.it
Leading naturalist has cautioned Australia on the 'madness' of further population growth.
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Pernod Ricard Foresees Slower China Growth - NPR

Pernod Ricard Foresees Slower China Growth - NPR | The social costs of Chinese growth | Scoop.it
Pernod Ricard Foresees Slower China Growth NPR BEIJING (AP) — Pernod Ricard, owner of Absolut vodka, Martell cognac and Jameson whisky, says explosive sales growth in China is slowing but an expanding urban elite still makes the country one of the...
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Li Tells Germany China Targets 7% Growth for Decade: Economy - Bloomberg

Li Tells Germany China Targets 7% Growth for Decade: Economy - Bloomberg | The social costs of Chinese growth | Scoop.it
Bloomberg Li Tells Germany China Targets 7% Growth for Decade: Economy Bloomberg Chinese Premier Li Keqiang told German business leaders his country is confronted by “huge challenges” as it seeks 7 percent annual growth this decade, down from more...
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Vietnam accuses China of ramming fishing boat, damaging its hull in South ... - Fox News

Vietnam accuses China of ramming fishing boat, damaging its hull in South ... - Fox News | The social costs of Chinese growth | Scoop.it
Vietnam accuses China of ramming fishing boat, damaging its hull in South ...
Fox News
HANOI, Vietnam – Vietnam has accused China of damaging a fishing boat in the latest escalation of tension in the disputed South China Sea.
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Report: 1.2 mln Chinese died from air pollution in 2010 | gbtimes

Report: 1.2 mln Chinese died from air pollution in 2010 | gbtimes | The social costs of Chinese growth | Scoop.it
Outdoor air pollution ranked fourth both in mortality and in the overall burden on health rates in China, where it contributed to 1.2 million deaths and 25 million healthy years of life lost in 2010, according to the 2010 Global Burden of Disease...
Steve Hutchinson's insight:

A powerful article. This seems a harsh consequence of how growth in China has affected the lives of people living there- 1.2 million have died as a result. Do the benefits of more goods and services outweigh the cost of 1.2 million people dead?

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New Survey Finds China Unequal, Unemployed and Untrusting

New Survey Finds China Unequal, Unemployed and Untrusting | The social costs of Chinese growth | Scoop.it
A new nationwide survey underlines the wide gap between China’s haves and have-nots, and suggests that the economy entered the current slowdown with broad unemployment already high.
Steve Hutchinson's insight:

Another article backing the argument that growth in China has not been as beneficial as first thought- although the economy has drastically grown throughout the past 35 years, unemployment has risen. This seems surprising given the current growth rates.

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China steps up fight on pollution

China steps up fight on pollution | The social costs of Chinese growth | Scoop.it
China announces new plans to control the use of coal to combat dangerous levels of air pollution in its major cities.
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China's ever-widening wealth gap

China's ever-widening wealth gap | The social costs of Chinese growth | Scoop.it
Guizhou in the south and Beijing in the north - contrasting areas that highlight the economic divide.
Steve Hutchinson's insight:

Here's one for Joe- a possible consequence of a lack of government intervention. Is this fair for those living in the poorest of conditions? Free market can't be the answer all the time...

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Pros and cons of rising labor costs - Chinadaily USA

Pros and cons of rising labor costs - Chinadaily USA | The social costs of Chinese growth | Scoop.it
Pros and cons of rising labor costs
Chinadaily USA
Strikingly, wages in China continued to increase during the 2009-11 period, even as other countries in the region felt the dampening impact of the global financial crisis.
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Taiwan Unveils Plan to Boost Growth as Ma Popularity Slumps - Bloomberg

Taiwan Unveils Plan to Boost Growth as Ma Popularity Slumps - Bloomberg | The social costs of Chinese growth | Scoop.it
Bloomberg Taiwan Unveils Plan to Boost Growth as Ma Popularity Slumps Bloomberg Taiwan will let insurers invest in infrastructure projects and create a NT$1 billion ($33 million) fund to channel money to companies as President Ma Ying-jeou bids to...
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Companies coming home as overseas costs soar - Buffalo News

Companies coming home as overseas costs soar - Buffalo News | The social costs of Chinese growth | Scoop.it
Companies coming home as overseas costs soar
Buffalo News
They're doing what's known as reshoring, moving production back to U.S. factories as labor costs grow in countries such as China and India and shipping also becomes more expensive.
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