• Poor quality & higher costs • Inefficient access of health Insurance for migrant workers
Doctors were underpaid
Income through sale of prescription
Accounted for 40% of Total
healthcare spending in 2011
Drugs sold to increase profit- use of
expensive drugs
Frustration with high cost &
corruption resulted in violence 1 INCREASING ENVIORNMENTAL DEGRADATION • Top Contributor of Carbon Emission • Scarcity of natural resources, abundant coal • Word top producer of coal resulted in largest contributor of carbon emission • 2014: 10.5 bn tonnes (30% of world’s total emission) • Wide Chemical spills & wastage by industries • Issues with overcapacity led to closure of 1000 coal mines in 2016 – unemployment for 1.8 million workers
2 REAL ESTATE
www.24slides.com BUBBLE
• Rising housing & Land prices from 2005-13
• Overcapacity: Floor space per capita higher than avg • Property market fell by 25% in 2014 • Soaring price of houses between 2003-13 (higher than GDP growth) • 2016: 90% of Chinese families at least partially owned properties, and 21% had more than one