Half of S.Korean Businesses in China in the Red

Chosun Ilbo ^ | 05/28/07

[ponder life]

The Chinese culture is probably more "conservative" than you could ever guess. The Chinese people are inspired by America and American initiatives. They want to take their place in the world community, and the socialist government is pursuing every option available. Therefore, the 'Chinese Model' you refer to is a work-in-process.

Wow, your economic view on China is so pragmatic and rare on this board it is a bit surprising....pleasantly surprising I will add.

But, yes, totally agree. It is a work in progress. Despite their problems (and there are many), they are working things out.

[ponder life]

There is a growing number of people in China who are having two and three kids, regardless of the consequences (all financial BTW), because they too have the same belief as you.

Yes, this is one area where I am wishing the Chinese people will push the limits of the law to have mulitple children. China made alot of wise decisions in regards to their economy, but this method of social engineering will only bring poverty in the long term. China is projected to only have 1.45 billion people by 2050. But if China steers her economy correctly and people pursue the right priorities, I don't see why China couldn't be a developed nation by then and still have a population of 1.7/1.8 billion people.