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摘要

There has been much talk of China's unsustainable property bubble recently, with Western ^commentators taking unseemly delight in the prediction that China's mighty economy is teetering on the brink. But reports of such economic decline appear to be exaggerated. After all, with current GDP growth slowing to a healthy six per cent, Chinese wealth creation (as compared to the recession-hit West) gives a new meaning to the word 'sluggish'. Indeed, business analyst Bill Dodson, author of China Inside Out, wrote recently: 'It seems a near-impossibility to escape the din of construction machines punching the ground or stamping steel or crunching concrete.' China is still building at a frenetic pace.