Shanghai, a New Bubble in the World
Which city is the hottest city in the world nowadays? Somebody will say New York, or somebody will say Tokyo; however, David Ignatius will tell you it should be Shanghai of China. According to the article “Come See the Shanghai Bubble” written by David Ignatius, “The world’s other bubbles may have deflated, what with Europe and America sagging again, Japan still flat on its back and an anti-dollar contagion spreading. But here(Shanghai) in China, these worries seem far, far away.” Although David thinks, “The Shanghai bubble will eventually burst, as all bubble do”, Shanghai is still very attractive for a lot of people. Overseas Chinese and foreign people from various countries are racing to join this “gold rush”. Nevertheless, there are some weaknesses in this city. The estimation by Economist two weeks ago showed us that 30 percent to 50 percent of Chinese loan might be insolvent; and even worse, it’s impossible to know. David considers that “The only way China can keep the bubble growing is to continue down the path of reform -- to make its economy more open, more transparent, better regulated, less corrupt.” I agree with David’s standpoint about Shanghai Bubble. In addition, I believe with a good starting, absorbing some useful
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Some common words found in the essay are:
Shanghai Chinese, China Chinese, Overseas Chinese, Shanghai Shanghai, Asia Shanghai, President China, Shanghai Bubble, Maybe Shanghai, David China, WTO Shanghai, shanghai bubble, foreign companies, chinese people, chinese government, shanghai chinese, bubble eventually burst, gold rush, returned students, regulated corrupt, eventually burst, communist government, shanghai bubble eventually, chinese people build, economy transparent regulated, transparent regulated corrupt,
Approximate Word count = 1002
Approximate Pages = 4 (250 words per page double spaced)
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