Understanding China, One Blog at a Time

An American in China

Posts Tagged ‘China living’

Comprehensive List of All the things You Will Love About China- Tales from the Crypt

Posted by w_thames_the_d on November 9, 2014


Living in China has made me an authority on China. In my quest to share such knowledge, I have started my ‘Tales from the Crypt’ posts which explain in detail the realities of China.

The following is a comprehensive list of all the things you will love about the PRC, should you decide to visit and or live there:

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Posted in Beijing Smog, Beijing Smog- Daily pics, Big brother..., China, China Fact, China What they are commenting online, Chinese sayings, Counterfeits and such, Cultural oddities, Food, Jobs, Let me educate you..., News From China- Whats hot, People, Photos | Tagged: , , , | Leave a Comment »

That’s a lot of Money- The World Fair and Such

Posted by w_thames_the_d on December 12, 2009


“Maybe U$ 60 billion, could be U$ 50 billion”- that is how much the Chinese are saying that China is pouring into the world fair next year. Now fist off, wtf is the world fair, is that thing still around…

Disregarding my ignorance or yours about just what the world fair is, next year it is coming to China, and like the olympics, they are pouring tons of cash into it. The figures cited above (no one really knows as this is not the most transparent country), are impressive. What they are doing, is spending the equivalent of the GDP’s in 2008 dollars, of more than 125 countries, just to prepare for the World fair. Yeah, that means just like with the olympics, China invested an equivalent amount of cash that the 58th largest country etc. will make in a whole year!

The reason I bring this up is that many of my Chinese colleagues have pointed out the wasteful nature of this and the fact that over the past 3 years, China has had some help in her growth. Between the Olympics and the Fair, they invested 100 Billion, which due to the multiplier effect could have a practical impact of almost a trillion dollars on her economy.  The first issue, that of wasteful spending irks many Chinese who say that the funds could be used to fund pensions, or clean air initiatives- that is not happening. They point out the facilities in Beijing and Qingdao that go unused, the people kicked out of their homes to make way for the new stadiums, and the lack of compassion or the rights of humanity from the government (a good piece from the Economist here). The second issue, that of this being a relative gift to China-well they take that in stride. They just see the juggernaut rising, and don’t know how far she will go.

As for me, I don’t know, I live here-know it is booming but really have seen first hand some of her weaknesses. I sleep well at night.

Posted in Big brother..., Cultural oddities, Let me educate you..., Ranting in general | Tagged: , , , , , , | Leave a Comment »