Taizhou is one of the ugliest cities I have ever had the privilege of encountering.
It hugs China's east coast, a rich, industrial city in rich, industrial Zhejiang province just a few hundred kilometres south of Shanghai.
Now, it's the third-richest--riding on a wave of manufacturing wealth that has populated the city's streets with swanky new Mercedes Benzes and Lamborghinis.
So the streets go in all directions. Most buildings look new-ish but grimy and relentlessly out of place. The pavement is filthy despite veritable armies of street cleaners.
Both local and national governments are hoping they can convince China's growing middle class to pick up the purchasing slack. A year or so ago, this may not have seemed entirely outside the realm of possibility: Chinese consumers were buying cars, phones and pricey appliances in swelling numbers.
But even the most loaded new xiao zi's spending was nowhere near his or her American counterpart's credit-hungry habits at the best of times. Now that the weiji's effects are spreading and people are settling in for a long-term global recession, what was already a culture that encouraged saving has become one that promotes thriftiness more than ever.
"I was supposed to buy a house this year. Now, there's no question."
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