I’ve just spent two weeks traveling all over Asia.
China, as always, continues to impress me. Even with a real estate bubble ever present, and a relative slowdown in their economy, I continue to see positive changes, improvements, or to put it bluntly evidence that clearly points to China coming closer to par with Japan, Europe or the U.S! Per capita GDP continues to rise; and everywhere there are signs of increased efficiency and higher productivity. In an industrial context, plants that once operated with 400 employees are now operating with 14! The continuous change, the ongoing transformation, is simply incredible. The streets are clean, there are no homeless people crashing on sidewalks … even the back street food is sanitary!
Go to link