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Economy/Resources - 228. page

China’s Economy is Not as Robust as We Think

On December 20, 2007, the International Herald Leader under Xinhua published an article calling on western countries to reconsidertheir their strategy in pushing for an adjustment in the RMB exchange rate. The reason: a World Bank study found the Chinese economy is overestimated by about 40 percent.

Chinese Have Mixed Feelings about Foreign Companies

A survey sampling 1,000 citizens in major cities in China was published in the August issue of Global Enrepeneur Magazine. It reveals that the Chinese public has mixed feelings about foreign companies doing business in China.   

On the one hand, the results showed that over 80 percent of those surveyed think that the foreign companies have promoted economic development in China. On the other hand, 73.1 percent expressed strong dissatisfaction towards the foreign companies as they have "relocated environmentally hazardous industries and factories to China."

The Current System Fails to Preserve the Environment

In a recent article in Chinese Economic Times, economist Zhou Tianyong pointed out that China has not formulated effective and systematic policies to restrain the discharge of pollutants and that the existing system has actually aggravated environmental pollution instead of preserving the environment. [1]

Two Hundred Lakes Dried Up; Ruoergai Marshes Desertified

According to China News Service, the process of desertification is accelerating for China’s most beautiful wetland prairie, the Ruoergai Marshes. It is now difficult to find bogs, and the desertified areas are increasing at an annual rate of 11.65%. With over two hundred out of three hundred lakes dried up, the wetlands have shrunk to less than 40% of their original area.