Word: china
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Dates: during 2000-2009
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...selection of images from Seibert's 2008 book From Somewhere to Nowhere: China's Internal Migrants, will be showcased for two months beginning Nov. 12 at Zurich's Helmhaus Museum. During the course of his project, Seibert found that while his subjects earn vastly higher salaries in the cities than they do in the countryside, their material gains cannot adequately compensate for the enormous sacrifices they make. "They watch TV and see pictures of worlds they will never be part of," he says. "That can create unrest." Such is the dark side of China's boom...
...pictures of the making of modern China...
...Read "China at 60: The Road to Prosperity...
...country's recently re-elected President Susilo Bambang Yudhoyono. The hawking of new merchandise in some of the world's worst gridlock is a fitting metaphor for a country that hopes to add a second I to the so-called BRIC emerging economies of Brazil, Russia, India and China. Just as SBY's second five-year term will draw to a close in 2014 - by which time he has vowed at least 7% economic growth, up from the 4.5% estimated for this year - urban planners fear that traffic in Jakarta will grind to a halt unless its transportation system...
...problem is that after a decade of strong growth in China in particular, we now have an unbalanced system in which the dollar is overvalued against the Chinese yuan (among other emerging-market currencies). That has contributed to big U.S. trade deficits and, as China built up a huge stash of dollars it needed to put somewhere, to the credit bubble that precipitated the financial crisis. There's widespread agreement that this setup has to change but little agreement about how to change it. Which is a risky situation...