Ban, Chunlai: China’s economic growth is facing difficulties
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Date: 2/26/2013 2:01:47 PM
Sender: Ban, Chunlai
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Ban, Chunlai: China’s economic growth is facing difficulties
班春来（Ban, Chunlai）
After years of sustained development, China＇s economy has now become a spent force, gradually decreasing growth may fall into a prolonged slump, the future of social stability in China will have a serious impact.
In recent years, China＇s economic growth is mainly dependent on real estate development. Under the government agitation propaganda, people have to buy homes, put in a lot of working-class life savings.
Thus driving the housing boom, full of massive construction projects to build new houses, pull the entire national economy.
But now overheated investment oversupply, folk purchasing power saturation, the housing market is shrinking deserted suburbs idle buildings everywhere, can not recover the huge investment, economic development suddenly lost power.
China wants to continue to develop, we must go the way of innovation of the products, but the mainland autocratic regime, did not like Europe to encourage free thinking and creative thinking of the environment, resulting in conservative social values.
Unless the implementation of political reforms, the prospects for China＇s economic development will be very bleak.
Ban, Chunlai
February 26, 2013
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