| I'm a bit surprised, given the title of your post, that you didn't mention the complete discounting of environmental consequences in Chinese industrial development. Most inputs- water, fuel, electricity - are heavily subsidized, while outputs- heavy pollution- are, to be frank, completely ignored despite recent official pronouncements to the contrary. I would argue that this freedom to ravage the environment is as much a major element to the Chinese manufacturing miracle as the massive supply of labour, if not more essential. Ultimately, this will be the source of any "dark cloud on the future sky of China". |