by Wei Jingsheng
To make a few people wealthy, the communist government keeps most of the population in poverty. If they really have the welfare of their people at heart, Beijing must allow the revaluation of the Yuan and should open the market to the West.
Wei Jingsheng, pro-democracy activist and author of Democracy Wall, explains why the Chinese government is playing with fire at this critical stage of development: only democratic governments, he says, "can successfully manage an economic transformation similar to the one taking place in contemporary China”.
China's economy often has excessive inflation. But each inflation is not exactly the same. The inflation during the Mao Zedong era was due to the shortage of goods caused by the planned economy. Academics call it a shortage economy. After the economic reform of the 1980's, inflation is still emerging consistently. At present the recently rising currency inflation has such intensity that it has made many people puzzled: "Since China has been reformed to a market economy, why is it still short of commodities, and has this inflation?"
Asia News, remainder of article...
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