Many people may wonder whether the green economy is just pleasing jargon or a genuinely new pathway to a low-carbon, resource-efficient and sustainable 21st century.
Comprehensive tobacco control laws that include a complete ban on smoking in enclosed public places are badly needed in China where tobacco use and second-hand smoke kill roughly 1.2 million people a year.
China needs to take notice of the risk involved in its economic growth dominated by the real estate sector with excessive investments in the country’s housing market, according to a housing green paper issued by the Chinese Academy of Social Sciences on Dec 8, 2010.
A series of tough measures have been implemented by Chinese authorities to curb rising commodity prices, taken for granted as the foundation of social security in the face of unaffordable housing. The impact at home and abroad is a hike in consumer prices.
In a letter to the G20 financial leaders, US Treasury Secretary Timothy Geithner stunned the world with a proposal that G20 countries should "reduce external imbalances below a specified share of GDP over the next few years."
The growth rate of China's consumer price index (CPI) was 4.4 percent year-on-year in October, a 25-month high. The rate is up 0.8 percentage points from September. This is an alarming statistic for a country that for the past three decades has had steady economic growth. Inflation risks do matter for China.
Appreciation of the Renminbi (RMB) won't solve the global imbalance, because in any case the United States will continue to have large trade deficit, Nobel economics laureate Joseph Stiglitz said here Tuesday.
