Invest in public services
Updated: 2012-05-29 08:03
(China Daily)
|
||||||||
Schooling is always one of the hottest topics discussed in China.
However, while the education authorities keep lamenting the shortage of funds, China keeps buying US debt.
So far, US debt is still a relatively safe asset and our country has to buy it.
However, why should we accumulate so much foreign reserve instead of spending more on our own education, public services and other social welfare?
Now Chinese economic growth is slowing down. The government urgently needs to invest more in public services so people have more money to spend, which will help fuel economic growth.
A student, via e-mail
Readers' comments are welcome. Please send your e-mail to opinion@chinadaily.com.cn or letters@chinadaily.com.cn or to the individual columnists. China Daily reserves the right to edit all letters. Thank you.
(China Daily 05/29/2012 page9)
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |