In response to Steve' question on what is the difference between Chinese version of capitalism and American version of capitalism, I think there are many. The most important, I think, is the respective role of government, market in running / in governing the economy. Another important aspect, I think, is the goal of economic prosperity. China takes a more "holistic," perhaps … [Read more...] about A Chinese view of governance and the financial crisis: An interview with ICBC's chairman
financial crisis
Something to chuckle about #2
Apparently, at least one of the columnists at the Washington Post reads this blog. Sebastian Mallaby, a veteran from the Economist and contributor to Foreign Affairs, Foreign Policy, Prospect, the National Interest, the New York Times, Policy Review, Slate and the New Republic, and specializing in globalization, trade, investment trends, international development and economic … [Read more...] about Something to chuckle about #2
An explanation for the financial crisis with a recycled joke
A friend directed me to this joke today. I vaguely remember hearing something similar years ago, but this version is now much more interesting because of a new/amended moral of the story, which addresses the Chinese investors but is perhaps just as relevant globally. … [Read more...] about An explanation for the financial crisis with a recycled joke
(Letter from perspectivehere) Michael Spence, Nobel Laureate 2001 in Economics, on China’s Economic Management
In a Q & A with Michael Spence, Nobel Laureate in Economics 2001, on the U.S. economic crisis on Squawk Box at CNBC, Spence makes some notable comments on China's management of its economy and its responsible actions on the global economic stage. … [Read more...] about (Letter from perspectivehere) Michael Spence, Nobel Laureate 2001 in Economics, on China’s Economic Management
Lessons for China from the world financial crisis
With Iceland close to bankruptcy and the world's financial system going to hell, China stands somewhat apart in its relative isolation. Asia Times has an intriguing article on this: "In the past, China has been blamed for the low-degree of internationalization of its financial industries. Now it seems we are profiting from this 'fault'," the commentary said. Many Chinese … [Read more...] about Lessons for China from the world financial crisis