China Boom CMS

<p>The last big leap which China had to make which was the privatization of urban property. And resulting from that was was everything we see today now in urban China: the boom and the intellectual boom that is going on with it, the social change and upheaval that is going on with it, a huge change in the mental attitudes of urban residents, a huge change in the balance of power between urban citizen s and the people ruling them. To the extent now that we have a China that has an enormous diversity of ideas, raging debates, as well as a vibrant economy, pretty well a capitalist one. There is one final step that has yet to be taken, and I think they are edging towards that &ndash; the privatization of rural land. The story is not yet over and there are ideological barriers to taking that final step, but I think the crucial one was taken in the late 1990s and we are now sort of moving into the end game of this.</p>