Detail Prudence Without a Purpose; Investment   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8786 (May 2012), page S8-S11. Topik: Public Policy; Investment; Economic Development; Civil Engineering Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.72 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Genghis Khan Square in Kangbashi, a new city in the northern province of Inner Mongolia, is as big as Tiananmen Square in Beijing. But unlike Tiananmen Square, it has only one woman to sweep it. It takes her six hours, she says, though longer after the sandstorms that sweep in from the Gobi desert. Kangbashi, or "new Ordos", as it is known, is easy to clean because it is all but empty. China's most famous "ghost city", it has attracted a lot of journalists eager to illustrate China's overinvestment, but not many residents. Ordos was one of the prime exhibits in an infamous presentation by Jim Chanos, a well-known short-seller, at the London School of Economics in January 2010. Mr Chanos argued that China's growth was predicated on an unsustainable mobilisation of capital--investment that provides only for further investment. China, he quipped, was "Dubai times 1,000". After a visit to Ordos or Sanya, it is tempting to agree with Mr Chanos that China has overinvested from its northern steppe to its southern shores. But what exactly does it mean for a country to "overinvest"? One clear sign would be investment that was running well ahead of saving, requiring heavy foreign borrowing and buying. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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