This blog contains posts and comments written by students in Dr. Tufte's economics classes at Southern Utah University.
Showing posts with label China. Show all posts
Showing posts with label China. Show all posts
1/30/2008
Snow in China
Recent weather problems in China have caused over $3 billion in damages in what appears to be the worst winter weather in decades. Many people are trying to get home for the Chinese New Year celebration, and 500,000 people have been left stranded in one train station. The travelers are upset, but who can you blame when it's weather that's the problem? Leaders have been in damage-control mode and are doing their best. Will the Chinese economy fall apart under this crisis, or will it unite the people and create more economic activity?
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