4 ms·
There's one fundamental difference between China and Japan: Japan doesn't have more land upon which to build, which is what drove much of their housing craze (e
by ibsulon 17y ago
There's one fundamental difference between China and Japan: Japan doesn't have more land upon which to build, which is what drove much of their housing craze (even our hottest markets were never even close to the Japan bubble)
China is much closer to the US when it comes to infrastructure: they need a lot for such a big country. Whether they spend it wisely will be the issue.
- gaius 17y agoPopulation density is the number one factor for infrastructure. Witness the US cell phone industry compared to Japan.
- cturner 17y agoChina's population density is far higher in key regions: http://www.demographia.com/db-intlua-area2000.htm http://www.demographia.com/db-intlua-area2000.htm That was more than three years ago - it will be slightly lower in Japan now, and higher in those Chinese regions. > There's one fundamental difference between China and Japan Another that people seem to keep forgetting is that the Japanese people are largely a single people and had something approaching a functional parliamentary system during their rise. The Chinese are trying to maintain centralised planning for the largest show on earth, and their social systems are unhealthy.
- jhancock 17y agoFrom afar it may seem like central planning is the name of the game in China. On the ground, its highly regional; whith districts inside regions doing their own thing. There are high level "mandates" of sorts and a few central programs that reach deep but its hard for any program to keep control for any length of time. Mostly China is regionally run and managed.