The New CS Board

[dindindon]

The quiet revolution

The quiet revolution
A slowing economy commands headlines, but the real story is reform
The Economist, Apr 18th 2015

http://www.economist.com/news/leaders/21648641-slowing-economy-commands-headlines-real-story-reform-quiet-revolution

In the first three months of 2015, GDP grew at “only” 7% year-on-year. Growth for 2015 will probably be the weakest in 25 years.

Fears are rising that, after three soaring decades, China is about to crash. That would be a disaster.

Ever fond of vivid similes, Mr. Li says economic reforms will involve the pain a soldier feels when cutting off his own poisoned arm in order to carry on fighting. “Real sacrifice”, he says, is needed. China’s quiet revolution goes some of the way. But Mr. Li is right: much pain lies ahead.

I read the original text by Premier Li, highly motivated. He said: “We are in a point of no return, let’s cross the Rubicon”

dindindon Thursday, 04/09/15 11:37:52 AM

China is running the third round of reform

Their reform is not so called stimulus ( rate cut .... etc ), it is a set of genuine economic policies and social structure change. Some of these projects has been carried out long ago. For example, the water diversion project phase II just completed on 12/12/2014, it took 11 years. supports quality water for more than 60 million urban residents. Everybody talks about urbanization, without proper water, electricity, sewage management system, .. etc, urbanization is just a pipe dream.

photos: water diversion project phase II
total length 1432 kM, supply up to 9.5 billion cubic meter water per year




http://www.wenxuecity.com/data/news/201412/27/25c888a4d5ef70f11af4e455b1b7d6f0.jpg

http://www.wenxuecity.com/data/news/201412/27/610069efea084833dbfa053cbc3ec565.jpg

http://www.wenxuecity.com/data/news/201412/27/51f2a250c6503931a287c80e320d8496.jpg

Water tunnel under the Yellow river
North bound
http://www.wenxuecity.com/data/news/201412/27/964b0ad3cb095861bb521c7ab5cebed0.jpg
South bound
http://www.wenxuecity.com/data/news/201412/27/c30c870317f6ccf4824e95baaee4b714.jpg

http://www.wenxuecity.com/data/news/201412/27/29b8fd0e9c08b5418f5ed527f0c36e08.jpg

a water bridge over a muddy river
http://www.wenxuecity.com/data/news/201412/27/5a0317a825a0cef9241fc22b12c0c6c4.jpg

Opening ceremony, December 12, 14Hr 32 Min (to match 1432kM), 2014
http://www.wenxuecity.com/data/news/201412/27/f52c65906aa0b49a6fde0ea98541200c.jpg

The Yellow River Diversion project is of enormous scale.

Yellow river tunneling project bidders:

Wan Long]V -lmpregllo/ CMC/B4 of CWCHM
Mayreder/Alpine/Shanghai Tunnel Construction Company
Dragados/Seli/G Lavori/Jaeger
Campenon/Dyckerhoff/Wayss&Freytag/B3 of MOR
Hochtlef/Marti/B14/B3 of CWCHM
Zublin/B9 of CWCHW
Holzmann/China Anneng Co

Other bidders for the pump station contract included Skanska, Taisei/Maeda, Dumez GTM, and Dong Yah of Korea