Shanghai boom
April 27th, 2004 by mhjones
Australian IT investors, marketers and pundits are fond of talking up the opportunities in China, and Shanghai specifically. Many here and in the US also like to talk about Shanghai as the Silicon Valley of the East. Perhaps that analogy is a blessing and curse.
Popular opinion regarding Shanghai seems to be swinging from straight out enthusiasm to caution. Put another way, China’s Shanghai-led “bubble” economy could be about to burst.
The Fin (subscription) has an interesting feature on the subject today. For non-subscribers, BusinessWeek’s International Cover Story for May 3 asks: “Can the new leaders rein in a runaway financial system?”
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