Word: beijingers
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So, depending on whom you believe, the Chinese economy is bottoming out or even beginning to grow again. But if there's consensus that things are looking up for China in the short term, there's little agreement on two crucial questions that inevitably accompany these signs of life in...
But as Columbia economic professor Nouriel Roubini pointed out in a recent report written for private clients, car sales in China have been "artificially boosted on a temporary basis by incentives" and so are unlikely to sustain their rise. Similarly, a spike in purchases of white goods in China's...
The World Bank announced this week that while China's growing economy had lifted a half billion people out of poverty from 1981 to 2004, medical costs remained one of the top financial threats to low-income rural residents. With that burden in mind, Beijing has said it will spend...
China has faced health care problems for years, but the economic crisis has increased the need for reforms. The lack of an adequate safety net forces Chinese to bank huge sums to cover treatment costs. By building a sounder health care system - with more hospitals and clinics and broader medical...
Indeed, as China's policymakers were preparing their reform plans, Beijing newspapers detailed the story of a group of kidney disease patients from around the country. Unable to afford the cost of treatment on their own, they banded together to purchase used dialysis machines that they operated themselves in a...