Bombings in China near Communist Party office in Taiyuan
Source: LA Times
In one of the most sophisticated bombing attacks in China in recent years, seven improvised explosive devices detonated almost simultaneously Wednesday near the Communist Party headquarters in the provincial city of Taiyuan.
Initial reports said one person was dead and at least eight others injured, one critically.
The bombs went off at 7.40 a.m., as government employees were streaming in to work, and scattered metal pellets and ball bearings through the crowds.
The bombings come on the heels of last week's attack at Beijings Tiananmen Square in which a sports utility vehicle plowed through a crowded sidewalk and then was set on fire by its occupants, three ethnic Uighurs from western China. That attack left five dead and raised fears that China was being targeted in a new wave of Islamic terrorism.
A reporter for a Hong Kong-based newspaper reported on her microblog account that the explosions were "initially suspected of being a terror attack," but there was no indication as to who the suspects might be or their ethnicity.
Read more: http://www.latimes.com/world/worldnow/la-fg-wn-china-bombing-communist-party-taiyuan-20131105,0,3206449.story#axzz2jqlnSRhz
johnd83
(593 posts)just from a normal business cycle but will be much worse because of the severe mismanagement and corruption of public projects. Things are going to get really ugly...
Victor_c3
(3,557 posts)It seems that the Chinese government has also been trying hard to increase its "middle class" in an effort to curb general distaste with government/system there with varying degrees of success. If/when there is an economic slowdown, the only people who are moderately protected are the wealthy. The rest of their society will surely become unhappy.
Yes, I completely agree with you. Things are probably going to get very ugly for them. Even when times have been good, things have gotten ugly in some spots with labor unrest and various protest over environmental issues.
johnd83
(593 posts)They know what is coming and won't stick around for the fallout.
iamthebandfanman
(8,127 posts)prolonging the inevitable for a while now...
pretty amazing how many cities they've built that are almost empty of people just for the employment/jobs and expansion it creates..
http://www.ibtimes.com/chinas-luxurious-newly-built-ghost-cities-oh-so-extravagant-oh-so-empty-1403965
http://online.wsj.com/news/articles/SB10001424127887324412604578515382905495900
http://www.forbes.com/sites/kenrapoza/2013/09/24/what-investors-really-think-about-chinas-ghost-cities/
johnd83
(593 posts)I saw this a few years ago and my jaw about fell off. The crazy stuff they are doing is distorting the entire global economy and to a certain extent is causing the economic problems here.
http://www.sbs.com.au/dateline/story/watch/id/601007/n/China-s-Ghost-Cities