Sunday, September 2, 2012
China Real GDP
A large extent of China's GDP figures are boasted by building empty cities with high rise buildings and mega infrastructuress that do not bring any good to Chinese economy.
Chinese locals including the sales manager of the government project cannot afford to buy the dwelling unit built by the government . GDP figure is misused by many Chinese cities, esp. by the Governor for his promotion during the next Congress. One fine case is Chong Qing city.
An HK analyst claims that Chong Qing is heavily indebted now with profile that is comparable to Iceland, mainly caused by Bo Xilai during the his launching of 'Singing the Red, Hitting the Black' campaign.
Many believe that Bo Xilai case is viewed as an internal struggle of CCP for the coming 18th Congress between Hu-Wen premiers and Jiang Ze Min & allies. The 18th Congress supposed to taken place in April 2012 has to be postponed due to Wen would like to solve Tian An Men and Fa LunGong case before he steps down.
Bo Xilai case is not as simple as many thought. Besides human organ case done by Bo Xilai on Fa LunGong group in DongBei province, cracking down the mafia and businesses in Chong Qing for his personal gain, it also involves a criminal case committed by his wife, Gu Kailai who is alledged to involve in the murder of British businessman, Neil Heywood.
http://www.theepochtimes.com/n2/china-news/chinese-communist-partys-18th-congress-may-be-postponed-221125.html
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