Wednesday, May 16, 2007

Roaring China

China is growing at 10% more annual rate. I know you heard this many time. But this time a microscopic view.

Paul Kedrosky: China's Boomtowns

China's Boomtowns
The current National Geographic has a fascinating feature on capitalism in China's boomtowns, cities like Lishui that are growing so fast that city planners have razed 108 hilltops to accomodate the runaway growth.