Monday, March 25, 2013

China and the West: Whom Should Be Learned from?

北京大学光华管理学院客座教授 贾尔斯·钱斯  英国《金融时报》中文网2013年03月25日


China and the West: Whom Should Be Learned from? (Abridged)
Giles Chance, Visiting Professor at Peking University's Guanghua School of Management,  British "Financial Times" Chinese Edition, March 25, 2013

Leaders have failed to understand the grim reality shown from the deep-seated economic problems in all developed countries. Since 2000, the rapid growth in demand from the emerging market countries, especially from China has its impacted other countries very powerfully, not only having helped change the domestic economic structure of such big export-oriented resource big countries like Australia, Chile and Brazil, but also having helped Germany and other capital equipment production countries . The UK Treasury should learn how China implemented economic stimulus measures to increase investment in infrastructure building, which can make up for the serious shortage of the UK in this regard, and to allow investors and the business community to believe that the determination for economic growth recovery is serious. Without Mao Zedong and Deng Xiaoping, how would China would be today? The British real problem is the lack of bold and visionary leadership. Since 1980, China's harsh economic environment, especially its huge population, forced its leaders to make a lot of tough choices which put China at a strong position in the current situation. The leaders of developed countries should go to Beijing to listen to some advice from the Chinese, rather than go there to advise to the Chinese people.

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