During the Great Faminein China in the early1960s, almost thirtymillion lives were lost. Asa result, Chineseleadershavebeen especially afraid offood shortages, which hasled to a misguided food policy and caused great ...During the Great Faminein China in the early1960s, almost thirtymillion lives were lost. Asa result, Chineseleadershavebeen especially afraid offood shortages, which hasled to a misguided food policy and caused great economic losses. The argument given by Mr. Lester R. Brown is misleading, and there isno food crisis in China. Food supply on the world markets is ample, and food prices have been declining over the past fifty years. For China, the cost of imported foodstuffs is less than one percent of its foreign exchange earnings. Maintaining a freefood marketismoreimportantthan having atotallyindependent domesticfood supply.展开更多
The government swiftly came up with a series of measures on November 5 to prop up the nation’s economic growth amid a possible global economic recession. Will the stimulus package be a panacea for the Chinese economy...The government swiftly came up with a series of measures on November 5 to prop up the nation’s economic growth amid a possible global economic recession. Will the stimulus package be a panacea for the Chinese economy in a slowdown? What far-reaching implications will it have for the economy in the future? Zhuang Jian, an economist at the Asian Development Bank, discussed these issues in his blog. Excerpts follow:展开更多
文摘During the Great Faminein China in the early1960s, almost thirtymillion lives were lost. Asa result, Chineseleadershavebeen especially afraid offood shortages, which hasled to a misguided food policy and caused great economic losses. The argument given by Mr. Lester R. Brown is misleading, and there isno food crisis in China. Food supply on the world markets is ample, and food prices have been declining over the past fifty years. For China, the cost of imported foodstuffs is less than one percent of its foreign exchange earnings. Maintaining a freefood marketismoreimportantthan having atotallyindependent domesticfood supply.
文摘The government swiftly came up with a series of measures on November 5 to prop up the nation’s economic growth amid a possible global economic recession. Will the stimulus package be a panacea for the Chinese economy in a slowdown? What far-reaching implications will it have for the economy in the future? Zhuang Jian, an economist at the Asian Development Bank, discussed these issues in his blog. Excerpts follow:
