Therefore, to manage climate change, which is a global nightmare, regulations must be in place to limit the amount of carbon dioxide and other greenhouses gases released to atmosphere irrespective of the countries status in development. On a different note, Spencer Richard argues in his November 17, 2008 article "Gap Between China's Rich and Poor," that countries like China, that have experienced rapid developments has left parts of the country in poor conditions. The rapid growth has widened the gap between the poor and the rich, creating even extra hurdles to the fast growing economy. Within a span of three decades, greater percentage of Chinese citizens have benefited from the economic growth that has been export-oriented. However, the faster growth rate has led to low consumption rates both domestic and foreign.

As Spencer claims, lack of proper government policies that did not mind the welfare...

This condition has pushed the government to the limits forcing them to consider foreign exchange savings as options to bail out international financial institutions and increase domestic spending.
Because of the gap that exist between the rich and the poor, the only option remaining is to lay down an infrastructure that creates equality on all basic services and this will increase domestic demand hence spending. To do this, as the government considers improving health and education demands of its citizens, where equality should be also be made equal to both rural and urban areas. Therefore, as the commissioned report to equality suggested in Spencer's article, there needs to be a significant response to better services for all Chinese citizens irrespective their locations, otherwise the gap between the poor and the rich will continue to increase, increasing the disparities hence poor domestic spending.

Works cited

Eilperin, Juliet. "Antarctic Ice Sheet is Melting Rapidly." The Washington Post, 3 March 2006.

Web. 9 March 2010.

Spencer, Richard. "Gap Between China's Rich and Poor Threatening Economy." Telegrah.co.uk,

17 Nov. 2008. Web. 9 Mar. 2010.