China's Leadership Lineup

On Wed, 28 Mar 2007 23:01:06 GMT, someone@xxxxxxxxxxx wrote:


'Fifth generation' leaders come of age


Oops. Sorry wrong newsgroup.

that was interesting. is there any chance the people wiil
realise they have the power to become real capatilists?
or does the current bunch keep them doped with consumer
goods and the growing rich is glorious diversions?



China is for sure no longer a good Communist. But she will never be
one of the various flavors of Western Capitalism, Democracy or
Socialism either. What will eventually emerge will be uniquely
Chinese and hopefully be a distillation of the best macro economic
practices and an rejection of ones that do not provide the desired
results. From this melange of theories, practices and works in
progress some insightful economist yet to make his mark will hopefully
be able to distill the essence of this humongous experiment in
remaking a large part of mankind and describe the results with a
clarity that the world and even the Chinese will understand. He will
be of Nobel Prize material.

Below are three online links that should be of interest to readers and
will give a good idea of what is going on in present day China and yet
doesn't really explain anything. This inability to attach a simple
label and a simple idea like Communism, Capitalism, Democracy,
Republican, Demorcrat, Conservative, Democrat, Christian, Muslim and
so on is what causes uncertaintity and therefore anxiety and much
misunderstanding from the rest of the world.

1. Beijing Consensus by Joshua Cooper Ramo, Foreign Policy Center.
http://fpc.org.uk/fsblob/244.pdf

This is a seminal paper read by policy makers in government and in
business. It is often cited in academic papers.

2. Andreas Lorenz and Wieland Wagner
http://www.spiegel.de/international/spiegel/0,1518,465007,00.html

"China is securing an ever-bigger share of the world market with the
methods of a planned economy. Competitors and economists alike are
astounded by the country's seemingly unstoppable march to becoming a
global economic superpower. The development has left many wondering:
Does communism work after all?" (more)

3. Fareed Zakaria, Newsweek
http://www.msnbc.msn.com/id/17438997/site/newsweek/

The Sky Isn't Falling in China
The day after the Shanghai stock market fell, we saw again all the
same warnings about the Chinese system and the odds of its collapse.

March 12, 2007 issue - For some years economists and analysts have
been wondering what it would take to scare financial markets. Wars,
coups, soaring commodity prices, increased energy costs, unwinding
housing markets—nothing seemed to do it. Last week we got one answer:
China. The sharp plunge in the Shanghai stock market caused jitters
around the world. But while the reaction pointed to the increased
importance of China in global economics, it also highlighted the
confusion and misunderstanding that surround the Middle Kingdom.
(more)

.

Relevant Pages

  • A Repost
    ... China is for sure no longer a good Communist. ... Chinese and hopefully be a distillation of the best macro economic ... The day after the Shanghai stock market fell, ... 2007 issue - For some years economists and analysts have ...
    (soc.culture.china)
  • Re: Bush setting America up for war with Iran
    ... the rug' from under the dollar and many economists are taking the threat ... "...The Chinese government has begun a concerted campaign of economic ... China holds over $900bn in a mix of US bonds. ... Simon Derrick, a currency strategist at the Bank of New York Mellon, said ...
    (soc.culture.scottish)
  • Re: "Superior" Indians cannot accept facts
    ... stupidity in India. ... the tremors reflected the view that China ... >> is good news for borrowers, but some economists worry that the entry of ... >> affected monetary policy in ways that central banks do not fully ...
    (soc.culture.indian)
  • Re: next the good jobs will go
    ... It reminds me of the steel industry years ago. ... sophisticated science and technology. ... Even in go-go China, such lofty aspirations may sound far-fetched. ... Economists say China's development is following in the footsteps of Japan ...
    (soc.retirement)
  • Re: Bush setting America up for war with Iran
    ... rug' from under the dollar and many economists are taking the threat very ... "...The Chinese government has begun a concerted campaign of economic ... China holds over $900bn in a mix of US bonds. ...
    (soc.culture.scottish)