China's widening wealth gap - 17 Oct 07

[watup2154]

i have heard Bill Gates is Applying for Chinese Communist Party membership ---

most Easiest way to Rob + Deceive others and become Billionaire

[watup2154]

i have heard Bill Gates is Applying for Chinese Communist Party membership ---

most Easiest way to Rob + Deceive others and become Billionaire

[ChinaKillsNuns]

The local party member seems to be the only one who is happy.

[nemasen]

this is stupid, food inflation helps chinese farmers as they make record profit from the food price increases.

[lyric60616]

Anyway the report is based on some facts. Most of Chinese farmers are still very poor. China is a huge country not only Beijing and Shanghai.

[mkspence]

Al Gore signed signed the Kyoto Protocol for the United States on 12 November 1998.

The treaty remains in the same place his superior placed it after it was signed.

[LifeInAGame]

At 2:04, the reporter said "Because China has been growing so fast, the inflation is about 20%."

THAT IS FALSE information. The INFLATION rate is 6.5% according to CIA Fact book, this reporter is very unprofessional.

[LifeInAGame]

1.5% correction.

[LikableDesi]

I think what he might be talking about is food inflation. I checked and read some articles and i found that this might be true.

[klard]

CIA fact book. What does the CIA know. They still have not found the weapons of mass destruction they assured us were in Iraq. The CIA is very unprofessional.

[ghengezkhanz]

the farmers look muslim isnt most of north and west china muslim

[bg24955]

I don't like the report1. Chinese farmer pays zero income tax. 2. inflation in china is due to the raises of agricultural products' prices 3. Yes, farmers loss land become of national return forest program. As a result, China plants more trees than the world combines. On the down side, China is using her cash to deforest other countries because they don't have this kind of massive forestry protection program china enjoys. 4. "evil communists" guarantee GDP will triple by 2020.

[jklasdfjdfksl]

china used government oversight with state companies and protection, did not give up control of their currency... and what do you get..... GROWTH in the thrid world.

[jklasdfjdfksl]

exactly, your agreeing with what i said. the US wants others to play by rules that it does not play by itself. they opened up "free trade" when it was balanced in their favor, but when they have competition they revert back to the old protectionist policies. the reagan years saw much of this trade protection.

[jklasdfjdfksl]

there are still massive bail outs of failing buisinesses and fraudulent crooks with public tax money,when this is suppossed to be an "efficient" system. the whole US financial system is on the verge of collapse because of the unrestrained greed of the unregulated hedge fund fraudsters, along with the rest of the crooks. it didnt work in 1929, and its not going to work now; the market needs oversight.

[jklasdfjdfksl]

i agree. "free trade" exists for the other that the US wants to exploit, but does not exist to the same extent in the US. at the same time the US dominates the world bank to help open up debt on foreign governemnts, so they can pay subsidies to US multinationals to "develop" their countries.

[jklasdfjdfksl]

the "free market" does not exist in the US as the state is forced to bail out failing buisness continuously. the "free market" is only imposed on third world nations so they will never grown and continue to be a cheap labor source while their resources go to foreign "investors".

[jklasdfjdfksl]

the chinese did not follow what the US calls "free trade", that is why they grew. they still protect their currency and industry, rahter than opening it up for foreign investors to take. latin america is an example of an areas that followed what the US called "free trade". every economy that has grown has done so with state protection of the economy from the global market, including when the US protected from the british markets.

[LifeInAGame]

latin america, you mean places like mexico ? If that's the case, I rather to not follow the US's "free trade"

[nickvanzetti]

more proof that China is NOT COMMUNIST. and hasn't been for at least 30 years.

[LifeInAGame]

THere is not one coutnry in the history that 100% fit the definition of communism.

[annarboriter]

Excellent reporting. Incredibly there are some Chinese that this growing wealth disparity is all part of the path to socialism. This is just one more example of the cracks in the facade of the harmonious society.