The GDP is experiencing over 10 percent growth. Unemployment remains low. 26 million unemployment out of a population of over 800 million working men and women is less than 4 percent unemployment. Government and banks are still extending loans and liquidity for public and private enterprise. The government and private sector is not gutting state and private budgets. It is continuing a loose monetary policy to help extend economic expansion.
No, I dont even believe the concerns are genuine. And are most likely funded by foreign groups. The hope is that a small group of paid protesters can rally enough volunteers to join. That is how activism works. To pay a few, to incite emotions for the rest. They do not have enough money to pay everyone. But with few like minded volunteers, the movement has little momentum.
The only thing worse than inflation is not having a job. And the only thing worse than both is having inflation and not having a job. People rarely protest because of inflation, they protest because they fear losing their only source of income.
Protests are erupting across the united states because state and city budget deficits are forcing local governments to cut spending and disband public employees. They are not protesting high oil prices and higher food prices at the supermarket. Food and oil prices inflate 30 percent a year. And yet, that is not the source of their protests. They are protesting the downsizing of state employees. A government budget deficit debate does not exist in China. They will keep spending because the CCP says so.
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