The Rising Influence of Rising Affluence

[wow_happens28]

China Manufacturing Output Slows

I guess this ties in with the Subsidized Housing story indirectly or directly>>>

The December figure of 48.7 is below growth threshold of 50 for 2nd month

http://www.chinadaily.com.cn/business/2011-12/31/content_14362291.htm

And note in this next atricle a rarther scary quote if you what China doing well,

"Hu Jintao vowed to reduce the country's dependence on GDP, saying economic development should aim to improve people's livelihoods and welfare rather than purely push for GDP growth."

So I guess numbers don't count, but how Hu feels??? So if they are getting poorer, it's OK if Hu thinks it improves their livelihoods?

http://www.chinadaily.com.cn/business/2011-12/29/content_14350347.htm