Skywatcher
Captain
Maybe he's placing bets the opposite of his public statements?
Chinese Economics Thread
- Thread starter Norfolk
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Idk why Westerners think they know more about governing China than the CCP hivemind.
Can’t think of a single Western leader that could even govern a tier 1 Chinese city.
D
Deleted member 15887
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is it so bad that the CCP would imprison you for 43 years as Thailand does with lese-majeste laws? No.
Guess what, you can insult Xi in China (in public), and there'd be virtually no consequences.
Hendrik_2000
Lieutenant General
I think they just want to get notoriety and stand out in the crowd so that when their time is up in China they can get plump job with wall street biggies like JP Morgan, Morgan Stanley or Goldman Sachs etc like his friend Peter Chovanec now with Wall street firm maybe running China theme fund.
It does not cost them anything to become China bear even if they are wrong eg Gordon Chang. In fact they often quoted by MSN just to hear what they want to hear
Patrick Robert Chovanec (born February 14, 1970) is an American chief strategist at Silvercrest Asset Management, and an adjunct professor at the . A former professor at 's School of Economics and Management in , and a former political aide to senior leaders in the U.S., he is a frequent commentator on the Chinese and global economies. His blog was named by the as one of "The Best Economics Blogs" for 2010. In 2014, named him one of "The 102 Finance People You Have To Follow On Twitter".
Chovanec married a Chinese woman, whose family background is in Chinese Railway Bureau. He is too much of an American patriot to get objective opinion on Chinese economy. I followed his blog for a short while and stopped fairly quickly, much shorter than with Petitis. With Petitis, he had at least tried to avoid being too political and made his arguments based on economics. But Petits's pessimistic views on Chinese economy was not well founded, as I commented a while back in this thread.
He is emblematic in so called China hands, just because he used to teaching in a Beijing university. I have seen so many of those China hands spreading falsehood about things Chinese. But then again, the flip is similar in that very few Chines inside China really understand the west. It took me more than 20 years to start understanding America. And I would not say I know America as well as generation Americans. Oh well
Hendrik_2000
Lieutenant General
Yup like they say the west help China to modernize but that far from the truth The west did wake up China to realize their backwardness but helping ? When the first contract is signed with Hongkong company and then set up SEZ where Dr Goh from Spore help China to design and formulate the rule of SEZ and most of the first investor come from Overseas Chinese . Also the tradition of entrepreneurship and animal spirit of southern China contribute a lot to the revival. Coupled with big infrastructure project again funded by overseas Chinese as the World bank does not agree with China.
Watch an excellent economic revival of China by Mike Wood still bias but overall it is the truth Zoom to minute 26th See China does not know about modern computer industry until 1980 when they commission and American to set up modern data base and other computer related industry Now this guy Gadget Tool said China will never catchup. Come on China was way late but they catch up in astounding speed the best is yet to come.
How China Got Rich | Business Documentary from 2019 Over 40 years China has been transformed out of all recognition, the scale of its growth and the sheer speed of change has been astonishing. The country has seen the largest lifting of people out of poverty that has ever taken place in human history, and today China is a global force, predicted to become the world’s biggest economy in a couple of decades.
So how did an impoverished and backward communist country become an engine of global capitalism? What actually happened 40 years ago to set China on the road to prosperity? Michael Wood talks to the people who were there; the men and women who had been sent to be ‘re-educated ‘on farms and in factories; the farmers who defied the government and broke with communism; the woman has given the very first private business certificate; and the US technical advisor sent to China by the UN to kickstart the change.
He travels across the country to meet China’s highest-ranking female diplomat and the people who worked with Premier Deng Xiaoping. The film mixes these testimonies with a fascinating archive of the Chinese leader meeting President Carter in Washington and on fact-finding missions in Japan and Singapore. Interviews too with Deng’s biographer, Professor Ezra Vogel from Harvard University and Ambassador James Stapleton-Roy who lifts the lid on the intensive work behind the scenes which led to the US recognizing the People’s Republic of China in 1979. The second part of the film looks at the results of those initiatives in today’s China, visiting high-tech global giants Tencent and Alibaba and China’s top universities Tsinghua and SUStech.
We visit a high-speed rail workshop and the world’s fastest-growing container port; we interview the American lawyer who set up the first Chinese deals for multinationals including Exon Mobile and Roche Pharmaceuticals. Finally, we ask Robert Daly the Director of the Kissinger Institute on China and Ambassador Roy where they think China is heading, and if political reform will be on the agenda any time soon. China’s decision to open up to the world 40 years ago has been called ‘the most important event of modern world history’, and it is one in which America played a crucial role. Today China is a major player, flexing its muscles on the global stage. In this film, Michael Wood tracks the beginning of their meteoric rise, looks at the extraordinary scale of present-day developments and asks both Chinese and US experts for clues to the future.
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So what happened was they saw China being projected to grow 8.7%.
Then India said, we'll add 1% - India is going to grow 9.7%!
The west MSM have to spread falsehood about China getting rich off their back. Otherwise, all mythes are busted. That would be a better version of "End of History".