The Chinese Economy in the Next 30 Years: Political Reform vs. Status Quo?
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- čas přidán 31. 05. 2024
- What's in the future for China? China has transformed from a closed-door society to a prosperous and progressive one in the past 40 years. Pragmatism and pro-growth policies in the reform era centered mostly on people's lives and building a nation with a modern economic system. With China at the threshold of entering the middle-income stage, how will the nation advance further in the coming decades? In light of sharply rising geopolitical challenges on the global stage and the declining prospect of consistent moderate expansion on the domestic front, how the new generation of Chinese leadership tackles these challenges-if they choose to do so-via social transformation and political reform will be critical. Through the lenses of scholars, business executives, and government officials, this panel will discuss the likely approaches the Chinese leadership will take to answer to the current challenges and opportunity. Along the discussion, the panel will touch upon the importance of foreign firms and capital in the future of China's success.
www.milkeninstitute.org/
Moderator
Sheryl WuDunn
Co-Founder, FullSky Partners; Co-Author, "China Wakes" and "A Path Appears"
Speakers
Nicholas Lardy
Anthony M. Solomon Senior Fellow, Peterson Institute for International Economics; Author, "The State Strikes Back: The End of Economic Reform in China?"
Michael Pillsbury
Director, Center on Chinese Strategy, Hudson Institute; Author, "The Hundred-Year Marathon"
Sophie Richardson
China Director, Asia Division, Human Rights Watch
Stephen Roach
Senior Fellow, Jackson Institute for Global Affairs, Yale University
Perry Wong
Managing Director, Research, Milken Institute
#China #ChineseEconomy #GlobalEconomy
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Love that this panel includes no actual Chinese economist or representative but only westerners, am sure it will be insightful.
I really like your good sense of sarcasm. haha
Americans love to hear their own voices apparently.
👍👍👍🤣🤣🤣
+100 social credit points
Propaganda at high level by these crooks..
Credit should be given to China for their achievements and great efforts in lifting 800+ million out of poverty in just about 30 years. Truly a commendable feat.
This is what President is trying to do for all Americans. But not like China that steal and over power weaker countries. Trump put China in its place. Biden will fall to China. He is a crooked person.
2020 look how many million people China is put into poverty🦠
@@yodatagz How many?
@@rogermai1931 exactly what did china steal from what weaker countries?
@@vonbie6354 have you been hiding under a rock for 2020?
Sophies statement that the Chinese on the BRI intend to do business on their terms is nonsense as no one is being forced to do business with them, of course they can wait for the US to undertake some initiative on World infrastructure except that the US has given up on trying to build a few miles of high speed rail in California after 15 years of massive cost overruns and various other problems. It would take the US system about 1,000 years to build what the Chinese have built in 40 years. Plus the US would build a military base every 500 miles along its constructed highway, the existing 900+ military bases would not be enough.
Ĺb
No number of bases will do anything to slow down the American collapse.
@Joe Rodrigues Mind your words"created COVID" which seem out of mind from the mouth of an economist.
1
Typical talking the US ways. .
I always wonder whether US wants to grow China's economy or defeat it. On one hand, when they talk about the rapid growth of China, they will say it is a threat that US needs to stop. On the other hand, when talking about human rights they always say that China's economy will fail without political reform. Then why don't they simply silently watch China fail without always attacking China on human rights.
By human right do you putting an entire state of 30 million under military rule and shutdown mobile internet and throw the state govt and putting arm force at every door step?
@@azimkhan4805 which state?
👍❤🇨🇳
You need to learn from what they did successfully, not from what they ask you to do. People are hypocrites, especially as a group of people.
He doesn't know where China is la.
No wonder America has always underestimated China, in the "smart" panel, only Steven Roach knows what he is talking on China.
Majority of panelist still lives in a world of denial!
Sophie is the perfect example of a US military industrial complex representative. She thrives in negativity, conflict, intrigue.
Back here in 2022 to say even with Covid, China is still doing better than the west. The entire panel is just cope that Chinese will *never* adopt the garbage liberal ideals of the west. They know better.
Mr. Stephen Roach is a honest man 👍👍👍
Roach is a Chinese agent.
@@prof.dr.4224 hh funny
@@prof.dr.4224 can you come out something new??
Impression after watching:
Stephen Roach would be the only person in this panel that belongs to an older generation of American Gentlemen that was brought up with the Old-World-American spirit that almost no longer exists today, as can be heard from his balanced, well researched, unbias viewpoints.
His worlds seems to me the only person without an predetermined angle/agenda.
Nicholas Lardy would be the only other panelist that's straight on the data-statistic without "double-guessing" and holding double standards.
Human Right Watch lady is disguising, glad Stephen Roach slapped her face with honesty.
@grimm reaper , CIA, to be specific.
She is extremely ignorant.
That was really a question asked in a good way.
Mrs Richardson should have samples about her accusations that China works below standard to develop the new Silk and Belt Roads. We in Fiji are not part of that Project but the Roads the Chinese have build here are top quality only.
Hans..its hasnt started yet...it will soon..look at sri lanka..they r regretting selling their port to china
@@chuckiechakraverty7629 Die Entwicklung von Haefen als Infrastruktur fuer den neuen Silk Belt wird Sri Lanka Wohlstand bringen. Der wirtschaftliche Erfolg braucht halt etwas laenger als nur Waffen in die Welt zuverkaufen und Kriege zu schueren, ala USA !!!! Gilt auch fuer West Afrika und die West Kueste Suedamerikas, wo China auch sehr aktiv ist.
You’ll wake up one day China owns you or probably already did. Don’t be fooled by them.
Fiji is part of China! Fiji is indebtedness.
@@TheRaptor22f LOL, Most Roads are Friendship projects, no repayment required. The EU also pumps plenty money in all South Pacific Islands and Fiji collects major shares of that. Plenty other NGO's also receive money from the outside. All those assistance make Fiji a great Place to be.
Some people are just pretending to be China expert to sell lots of books.
You are right as their research and study based on Judeo Christian perspectives is not accurate.
Gordon Sek I agree.
Like the Trump flunkie from the rightwing Hudson Institute
yep，but they know nothing about China.they just want to cheat western people. I am a Chinese.
@@planwoods it’s about economy not politics
Is this about China economy or China politics? I am not sure if you are just trying to trash China or objectively understand China's economy. It looks to me you want to do the former.
Actual experts:
1. Nick,
Sheryl has repeatedly asked you questions on China's rising debt, you apparently didn't give her the right answer. Can you oblige and tell her, yes, debt in China is out of control and it's way more than 300%? That's what her audience wants to hear, not the truth. But I applaud you for providing the fact.
2. Stephen,
Thank you for highlighting that we are not saving enough and tell the truth as it is.
Pretender:
1. Perry Wong,
Stop dancing around the question, it's about the industrial prowess, not about policy. Ahh, I see, another Hong Kong dissident pretending to be China expert, no wonder. We can sense the bitterness from your unbiased statement.
What are you doing here?
1. Sophie,
You are the missing piece, if all the experts are saying great thing about China economy, at least we have you here to trash China's human right record.
Only Stephen Roach's words are worth listen to...
If Michael Milken can only give out this level of discussion on China, America will lose to itself, not China.
If you compare how much an average Chinese knows about US and how much an average American knows about China, it is a lost cause to US. If US higher level of officials still take a condescending attitude when interacting with China, it will not work any more and the China-US relationship will keep stagnant and go nowhere.
@@angelahang6941 hey, China people don't need to know too much about America because the centralized government makes decisions for everything. However, Americans need to know much more because "one person one vote"
Quick decisions. Central planning. Quick fixing of mistakes - China ❤️👌🏾
You’re the most annoying
The
Peter, you hit the nail onto the head
No inconvenient democratic elections, just like the old days of the Emperors.
@@anEyePhil Like elections actually mean anything in the US😂
Have lady Sophia ever come to Xin Jiang China to look around by herself, or just caring about the people's human rights by sitting in the office and searching on the Internet.
Seriously if there are one million people in prison we will see concentration camp photos all over the internet unless of cause those high rises in China are part of the concentration camps.
The US never worry about human rights in the middle east, because before people's human rights, they had been dead
Clearly She’s in her own world
many reporters have gone to xinjiang ( some under cover ) and whatever they could see, they see fear in the eyes of the uyghurs, they hear the sound of silence, and a potemkin village.
John Malcolm I give you evidence on what US military is doing on a specific island without respecting US law. The law is decided by a military commission! Just look in front of your house door!
Love Stephen! He tells the truth about China!
Americans lost the confidence they had before. We cant see others doing better than us. So we bashing China or any other countries to cover our incompetence. USA are truly declining,
Well China is the new bully, and is the current bully in the south east asia, and with India. I'm missing the old bully. :-)
@@anjodelosreyes9951 have u ever notice that India is the bully in South Asia? Do u have even one friendly neighbor? Your country attack China 3 months ago for covering severe convid19 inside India.
First ussr, then japan, then russia, now china
@@anjodelosreyes9951 as an Indian I see that our people and media overreact if you see government's position on China it's not really hard pressing. Because I an Indian I admire the development of China so is our government. I hope we become friendly countries. There is a lot common between us than a piece of border land
*I'm glad to see Stephen Roach here again where he is always standing for the right, not just superior smart but generous, righteous as well as higher character and a morality scholar. (( everyone else pretends & laughs at a false positive ))*
*I loved his slogan " I'm not going near that place ( white house's oval office ) ! " Let's praying and God blessing him...all the best.*
as a Chinese guy， when saw through this video, I found there are so many misunderstanding about china, I really dispointing, I mean really! Maybe the same misunderstanding about america exist among our chinese people too , so this is what really make me worry about the future between china and america.
xuy lee you are so generous to call them "misunderstandings" this panel is designed to promote misunderstandings
No worries ，i always watch this kind video for fun.
Well said.
There is so much misunderstanding.
Misunderstanding is very polite. It is the European way of thinking, then when it is done to them they will tell you you are being political.
@@Anthony-fz4cl Yeah. West fundamentally don't understand. West doesn't look much into history more than let's say around 60 years, they think history has ended. West plans are as long as 5 years. and China looks at the world on the Civilisation level. That's kind of bad for me as I'm kind of from the west.
Human rights? What about These?
Country PrisonPoP. per 100,000
US 2,193,798. 737
CHINA 1,548,498. 118
RUSSIA 874,161. 615
BRAZIL 371,482. 193
INDIA 332,112. 30
1949: US population=150mil, Life Exp=mid 60s. China population=450 mil, Life Exp=mid 30s
Now: China pop=1400 mil, Life Exp=mid 70s, with longer healthy life span than US (WHO report). Infant mortatliy dropped from 240/1000 to 8/1000 in the Same period. Literacy rate also now almost 100% from 20% in 1949.
Data can be skewed!
@@antediluvianclockwork9769 What can't be skewed? What you will believe?
@@mackab5179 Read several piece of news doesn't mean you hold the truth and facts.
@@gofy9990 : well done. U ve succeeded in insulating yourself from facts. Knew u could do it. Concentration Camps, genocide, live Organ harvesting. Chicom suppsoedly has been doing it for 70 years...they r not very good AT being evil, r they? I mean any half decent evil nazi dictatorship would have finished the job a Long time ago.
@@antediluvianclockwork9769 yes. Absolutely. That s why u need to See a wide range of metrics and and get them from a wide range of sources. Please dispute those numbers. These are Western sources numbers. I dont trust chicom either. But when lots and lots of things paint a consistent picture that goes against consensus narrative, the least one can do IS to the reexmin one's precious assumptions.
50:33 Valid points on Saudi. Hypocrisy is rife.
Hats off to Stephen Roach who was the only one on stage to present the truth about China, countering the waves of false allegations and anti-China propaganda by the rest of the panelists who obviously harbor a sense of superiority over the Chinese, despite all of China's impressive, proven accomplishments.
I think they can't see past their own shadow
Accomplished Covid
Discuss China's economic future based on US interest (also have to comply with the US standard)... that really is a mind-opening discussion.
Funny part is, US doesn’t comply their standards at all. They can bend the rules whenever needed and ask others to comply whatever. US keeps saying they are rule-based but let’s determine what rules they want to set or comply first.
I am always courious why most of these forums do not invite experts from China to talk about China lol
What experts?
@@zootsoot2006 Wow, you are impressive. Your cave must be beautiful.
@jwang604 Evidence of sterotype. Epic. LMAO.
@jwang604 are you jealous?
@jwang604 sure you are Chinese.. haha..alright, you're jealous ..
Oh man time flies! Stephen Roach is looking much older. Last time I saw him was 7 years ago at a forum on Yale campus. He was insightful and energetic. He is still quite insightful compared to all these wanna be China experts. Hope he stays healthy and best wishes to him
Max asked a great question!
The right way is to focus on making yourself stronger not to hinder other's advancement.
Good idea! Then we'd get to enjoy the Nazis running the world. Moron.
zoot soot Define Nazis? US is creating wars in the middle east setting up military basis all over the world and forcing people to join its alliance, dropping bombs in other countries funding puppet governments? China never did those things before, so tell me who is the real Nazis here? LoL love seeing people showing how ignorant they are
@@zootsoot2006 your comment likes Nazism
@@xuke103 yes at least there will still be freedom when america takes over..if china takes over the world..we r done for..NO FREEDOM
Chuckie Chakraverty First of all the difference between US and China is China never wanted to take over the world, secondly it is so funny to see that someone who doesn’t even know a little bit about China leaving ignorant comment here
Perry Wong gave some interesting insight on how the Chinese view some privacy issues differently than Americans. It shows that a one-size-fits-all approach to human rights does not work.
@@joonerboi okay. Both statements are not in conflict.
While under surveillance I'm sure they'd say they love it. Wonder how they feel about genocide ?
What matters is if China's citizens are happy with their lives, see continual improvements in their lives (safety/security, standard of living, healthcare, education, housing), and are happy with their government. If they don't feel they don't have any freedoms or privacy, they won't be happy. Doesn't matter what the US, West, or other countries think.
@@kimmeelee9758 Ditto. Can't agree more with your perspective. 👍
But Wong paints with a broad brush with the familiar colors we in the West already see in China. He comes across as very insecure of his Chinese background and quick to make a target of these stereotypes from the very outset so to set himself apart as being critical of that which he is ashamed of. But these are very stereotypical of Chinese “norms.” Also his understanding of how the CPC plans for the future is overly simplistic.
The last word by Stephen summarized it well - "the issues are not supported by good evidence".
Nobody could build a train station like that in 9 hours
The issue is not which country dominates but which one helps pull the rest of the world out of poverty. Imagine how much potential for growth if USA and China coexisted.
Name someone you pulled up that wasn't family....its not natural..
@@stickitupyourasteric po
stephen Roach is the only smart guy in the room
good,come to mainland china and apply PRC citizenship and you will be well paid by ccp.
*I totally agree with you. Stephen R. is not just smart but generous, righteous as well as higher character and a morality scholar. (( everyone else pretends & laughs at a false positive ))*
*I loved his slogan " ...I'm not going near that place ( white house's oval office ) ! " Let's praying and God blessing him always.*
Stephen Roach gave an unbiased view on the subject. He is unquestionably qualified for what he is. The other speakers all have their own preconceived positions and could not be counted on as conclusions.
welcome to China，give up ur citizenship
Stephen Roach is a big part of deep state. People like him are puppets to China who destroy the US economy.
There is nothing as ECONOMY , OR ANY AS SUCH - EXCEPT CHINA DANCING TO TUNES OF WESTERN FOXES.*- WHY ?
WHY BECAUSE - CHINA'S LIFE STYLE IS DEPENDENT ON - " HARD WORK STYLE
NOT- LAZY - SMART LIFE STYLES OF WEST.*
EVERYTHING IS SIMPLE
IF YOU KNOW IT. *
CHEERS. *
When anyone on the stage looks back to this, all of them will feel like a fool.
dont have to look back , they all looks like fools already.
Except Stephen Roach
12:50 Yiwu in Qinghai province? For Westerners, Please Do some research before talking about China OK? If you don't know where the problem starts, then you won't get to any conclusions.
The location they labelled is actually the city of Xi'an, the starting point of the ancient silk road. Yiwu is in the coastal province of Zhejiang, famous for its small commodity export economy. I am from China.
Problem: CCP spread plague and covers it up. The West: Will fix the problem called the CCP.
Thomas Pierno test your IQ before speaking
@@FJB-NOW what you say is ideological slogan.
And you know what you are saying, and are deliberate .
I am writing this for those who did read your one line slogan of throwing mud at China's exceptional, inconceivable success .
And China's success was unimaginable by Anglo-America elite imperial managers. ( one million Iraq citizens murdered; China did not do that.)
@Buck The Banjo Player Exactly, Chinese stolen Baiyue's civilazation of Vietnamese to make their culture
Watching these videos makes me want to move to China. It is not fair that Mr. Roach is not given enough time to tell us more good news from China
*wei shiue*
I haven’t finished the video yet, but I’ll edit this when I do if I’m proven wrong.
China is not in a good place economically, socially, and politically right now from everything I’ve learned. That first guy kept droning on about being an advisor to Trump, we’ll see how this goes though
Kyle Schaff China is indeed not a good place to do anything !
China is the only ancient civilization standing.
@@Kyle_SchaffFrom what I learned from my friends living in China, that is the opposite of what is going on in the west. I guess they must be brainwashed too. I should watch more MSM news to correct my perception of reality. LoL
@@obj6989
Oh, so you’re replying to my comment from before COVID, nice. And no, I don’t rely on anecdotes from a few random people nor what the MSM says. I rely on statistics, articles, and studies published by relevant accredited sources.
I stopped watching the video the second I hear one of the members of the panel is on human rights. What does that have to do with the economy? Looks like another opportunity to stick it in.
Hypocrites Chinese never murdered non Chinese people or plundered foreign land with missiles etc yet they talk about how kmt
I was amazed with the Moderator, Sheryl. Look a little further, she is a author and certainly has good knowledge on China. Is not an easy job, when you are dealing with intellectuals, professionals and experts on trade, commerce, international laws, plus good knowledge of US, UK, Europe, China and etc. She managed to handle them pretty well and must know what kind of questions to ask. She is great..
Fabulous debate! I love Stephen!
12:48 I lost all respect to this panel when they failed to mark the correct location of Yiwu.
The Law of the Universe... You Reap What You Sow.
Justice Will Always Be Served
Again, people who judge others according to their own culture and standards are definitely not worth listening to ...
You can seldom progress any differences if you claim other other people are just ‘not worth listening to’ ...... no listen...... no dialogue ....NO PROGRESS !
ttrttt
👍 that's what I going to say
I totally agree brother. White people need to realize that without slavery money they where fated to loose control of the world economy.
I totally agree brother. White people need to realize that without slavery money they where fated to loose control of the world economy.
Yale professor is a great economist.
You know what! This is so cool! Everything is based on estimation and imagination. Good job!
Stephen Roach is the real hero
Why the human watch lady here? Stephen Roach is very honest man by slapping Sophia face, hard.
Because they could not find significant debaters for the other side.
She's there for the sole purpose of trashing China. Maybe she should be watching all killings in US by cops. And all the people died becuase their health insurance refused to cover them even though they paid for their insurance.
@Henry Lockhart If you could do it, you would have done it long long time ago. Keep dreaming and pretending you are smart!
@Henry Lockhart So what did the CPC do that you want to retaliate ?
@Henry Lockhart That sounds like an all out war towards Chinese civilization, not the CCP you pretend to claim. Likely it or not, nothing you could do.
Stephen, you are the only smart and sensible person among those guys, but sadly it seems nobody was willing to listen to you
We do listen to Stephen we just don't agree just like he doesn't agree with Michael who is equally smart.
@@MrLouDC Yes Michael is smart enough to take to money. Listen to the speeches Chinese leaders. They all emphasize that China has no interest in replacing the USA as the global hegemon. The so called debt trap is an indefensible claim. Michael propagandized that numerous small countries were taken advantage of, but you will please recognize that he named not a single such country. The USA China, Russia and India must cooperate and use the Belt and Road to develope the world. Looks like Michael needs to sell a book.
I do !
Actually I did listen to Stephen and most of what he claimed about China was not accurate. Force tech transfer is a fact that any American who is really doing business in China would know clearly the existence of such shitty practices by the Chinese government. In fact, one of the laws in China clearly discussed and regulates such a practice.
No he is not. Obviously he is liberal leftist
Love Max's question: from the America perspective, why it sees Saudi Arabia as its core ally while goes against China, since human right is part of what America would ask in terms of what it requires in developing future relationship
Because human rights is just a tool.
@@frankm4349 The question behind Max's question is that if US only fights for its profits, what's the advantage and justification of a democratic government over a communist government?
My personal history is similar to of all my fellow countries in the neighborhood as for Mexico, Brazil, Argentina, Venezuela, Cuba, Nicaragua and so on. Back 32 years ago, with a doctor degree from George Washington University and working at the world bank, life looked promising. Then, America crushed me to the point of been slander in the streets of Washington DC and as consequence I lost not just the job but the working visa and to return no Brazil to fall in the hands of cruels militaries and my also of Family. America knew what will be of me if had to return. After all, nobody ends up to live a few miles from the White House without America knowing very well who I was and Why I was there. I dove deep into a mightmare of a miserable contry under control of pederasts in uniform. Somehow I manage to survive and every day since then I have ask to myself: "Why America has done that to me." Millions always have intered the country trying to escape persecution of all kind. America has never forced anybody out but did that to me! Why...? Well, this World is not divided between Democrats and Republicans but between Have and Have not. I am Have not, I guess. But now, at the age of 64 I know better. America's beacon of civilization is Comunist China.
after watching the video, I felt it's more political idea promotion than analyzing the topic, most of the speakers were just attacking China on certain topics instead of the theme of this panel, also the attacking only consider China individually instead of comparing the US situation, I would more like to hear more valuable views through a panel, especially the risks and opportunities on economic
Americans need to improve their Cross cultural and Cross religious communication skills and understanding with China to move forward positively as Smart Win-Win partner .
In addition, China has 5,000 years of history and with strong determination and hard work, China rejuvenate and rise again.
44:14 Mr. Stephen's response made my day......
the irony ... the hkers are by far ruder than mainland chinese
The panel should invite "expert" Gordon Chang to support Sophia's side of bullshxt.
China crashed 20 years ago . Gordon Chang would predict
"Italians were really bad" .What a comment! Italy should do what Italy thinks is good for their future.
“I am not going near that place”
I am dying now lol
Who prints the US money 🇺🇸 or 🇨🇳 🤔. 🔴C/7 🖐🏽
when can you guys find someone who really knows about China to go to this kinda conversation?
完全同意
She is a good moderator to be confronting us with this major topic.
I tried to understand economics for ten years and what I found out is that these people know nothing of value for us.
Excellent 👌 analysis.The west thinks they know the world so much but they really don't.
I really like the Yale professor.
What the hell is the lady in red doing in this kind of conversation?
she needs to see the doctor for mental illness.
but how come mainland students abroad are all so crazy ? ;)
中国制造 Made in China you sound just like a commie from the mainland.
Self-hating white guy. Drop him off in the middle of Henan, see how quick he gets a flight back to Connecticut.
Ah no, im sure you are a liberal democrat. The way he sounds is like a democrat, ao entitled that they know things and more than the president. All i know is an insider in Obama admin is not impressed with his economic policies and yet i dont see this so called professor hate on it like he is on Trump. Thats liberal hate
None of them had a clue, what was coming 6 months down the line....perfect harmony!! :):):)
we agree CCP wish to attach every countries
It is so nice to see Sophie was stuffed and stammered when she was cornered by Max's question. Hooray ..
I thought she answered in an very candid and honest way that I haven’t seen from other human rights experts. Most of them just deflect the question.
You seem to have an agenda Wen. So lighter criticism of Saudi by the USA justifies human rights abuses by China does it?
Read the Holy (Circumcised) Abrahamic Bible 🤗😍🙏🏿😇🙏🏽😇🙏😍🤗
Shappleton speaks honestly and with courage. The US cannot improve without being honest about its problems/shortcomings. She cannot continue blaming other countries if it wants to remain #1.
So, if one choose not to go along the way the US wants, then it is WRONG because nobody other than US allows to set standard. Remember that China is not the running dog of US and why should China concedes to whatever US want it. Besides, please don't talk about standard when it is always a double standard.
Topic: China's economy in next 30 years
People/Panel: We will discuss all stuff other than our today's topic😉
You are right! 😂🤣
Some outsiders claiming to know what they don't know
Privacy is relative in turn of culture. I am not sure if these so called intellects really know what privacy mean.
Somehow according to some of these people; political dissident = creativity required for high tech economy
But never offered to explain how the assumption are actually valid
Haha..Max raises a very tough question.
I heard the same thing 30 years ago.
Wow! I guess maybe we will hear the same thing 30 years later.
Some of the experts here are only experts for the sake of their business or of the sake of the US but not on China. Besides, the world consists not only of the USA and PRC. China deservers the chance... A lot of countries along the OBOR see it also as a chance for themselves. I believe in win-win cooperation.
US should worry more about its own economy for the next ten years than China's. a slow and messy separation is taking place. china never ceased trading or buying Iranian oil and is sending warships to participate with Russia and Iran in navy drills in the gulf.
Perry Wong gives some excellent insights into the thinking and experiences in China and during its growth in recent decades.
Lie, cheat, and steal. I like that reference. But I probably need Mike Pompeo to clarify what he meant.
Yeah just like how China stolen 5G technology that doesn't yet exist in US lol.
@@leezhieng what? China stole 5G.?? Lmfao from whom.?? Are you aware that Huawei gave it's code to UK and UK found not 1 stain of evidance against them. Literally nothing.... don't just accuse anyone of whatever you want, give details. From whom did China steal, and how.???
@@kurosakibell9982 Read carefully what Lee commented. It was meant to be sarcastic.
@@patrickpingkuiling9953 he edited it. I think. It's a year old comment.
*FREE EDWARD Snowden!! Free Julian Assange!! Reinstate the brave Navy Captain!! Protect Freedom of Speech!!*
Yes stop war to whole worlds, working harder,saving more,spending more in infrastructures like China and become a equal partner,that will a great nation to our world.
exceptionalism is taught and the gullible believe they're exceptional and that's their Achilles' heel. US has no equal.
Stephen is the ONLY wise guy here, Bravo !
Agree!! That Michael fellow said that Italy betrayed US just because Italy signed up for the BRI. Very childish. Like kindergarten children. Insecured was the moderator's word, That is most accurate.
I feel bad for that two economists.
This discussion was pretty invalid
I have been in China 7 year’s continually and 6 years in and out.
beware of experts
What experts ?
A panel of outsider talking about China, imagining what China would be like. Classic error of applying western standards to Chinese value system.
Do you know about China?
*Will Weng*
Economies are economies. Their economic system has to confirm to its trade with Western-styled economies like USA, Europe, Japan, South Korea, and Australia. The structure of the country and its fundamental histories are distinct, but its globalization can’t be
*An Gry*
Where did I go wrong? It’s taking the same exact steps-following the same rubric-as other developing-to-developed nations have done before it albeit in its own unique fashion like every nation has done, too (because everyone has their own national identity). The Chinese play to their strengths like the Japanese had done, like the South Koreans had done, like the Germans post-WWII had done, etc., but it’s the same fundamental progression.
Imposed Western ideologies into the Chinese system ? All kinds of bullshit , uh. Where is the representative from China in this panel discussion ?
With China at the threshold of entering the CPEC in collaboration with regional power Pakistan, how will the nation advance further in the coming decades as iran, KSA and CARs are joining the bandwagon? In light of sharply rising geopolitical challenges on the global stage and the declining prospect of consistent moderate expansion on the domestic front, how the new generation of Chinese leadership tackles these challenges-if they choose to do so-via social transformation and political reform will be critical.
As we move into the 21st Century, it is obvious that many in the West realized that they can't compete with the basic infrastructure China is generating just like what the US did after WW2 on her road and rail construction. It would appear this is rather basic but somehow they seem to be more interested in showing off their military power and the only conclusion one can make is: these military industrial complexes are generating easier products where the competition is dependent on their leaders to sell them through the creation of fear across the world. Of course, the current riots across US nd UK seem a karmic reaction to their historical role in creating wars against the people worldwide!
Yes War money is easy money and super lucrative for US but really destroyed the lives of the some populations and is a counter-factor to production and human civilization, especially in modern societies. I know in history the civilizations lagging far behind were eradicated by wars and replaced by more advanced civilizations. But in modern times War has lost that function. The economic development is the answer to all the problems everywhere in the World.
Maintain the luxury life of high consumption through finance, and use the hegemony of the dollar to pass the price on to other countries.
But the contradictions will return to the original origin, which is why in the 20th century, the United States suffered from 9/11 and the financial tsunami one after another.
You still have to pay the price in the end, sooner or later.
The US can control the cost, budget, and results of military spending. They also know any infrastructure spending can only ends in overspending, delays, get less, and problems.
not brilliant...fancy words...no direction...academic talk...worthless
@@Olav3D What is Wumou meaning? I have spotted this word few times.
Stephen nailed everyone，haha
Asia are blessed they are good investors and good producers that why there economy is going to blow up they got all most all the properties in America California the most .good for them .
true .
what do you think Asia invest in , in the usa ?
Michael Vincent not only real estates treasury securities crypto CDS.
Marbel Lopez they invest in a lot ,real estate. Forex stock they import and export. Municipal bond funds. Dividend-paying stocks etc
Benjamin Muller thanks which of them can you use less than $11 000 to start cause i know municipal bond funds need like $ 30 000 to begin .
I like Steven Roach's take. The rest sounds like sour grapes who still want to lecture other people on how they should run their lives.
like Max question
No pictures of high speed rails; one of the infrastructure symbols of One Belt One Road.
Yeah ... showing freight cars from 1964 ... pfffft
How laughable and ridiculous is it that Americans think they have the rightto tell other people how to live their lives
40:36 The old professor is telling the truth again...... while Sophie's reaction is funny...
Chinese project management skills are miles ahead of that available to Americans. America should take the help of Chinese to improve its third world infrastructure.
Stephen Roach ~you are breath taking !
Haha, Human right with priority! Or Human right with bias?
Human rights are just an excuse to intervene in other countries.....
@Agris Bisenieks OK，good luck friend，and take care，don't forget to wear a mask
That Hongkee guy named Wong is the worst of the bashers; that's the tragedy of the Chinese nation, so many traitors in their midst.
they don't understand chinese way of thinking
They new the west was attempting to hustle them and allowed the west to hustle itself.
Sophie tend to single out china as Stephen as pointed out is entirely not fair.
A group of western experts are discussing Chiaese economy in the future. How satiric it is.
Love how the audience just ignores Perry Wong's bitter racial diatribe against Mainlanders.
One could easily make the case that Perry has a superiority complex and is a narcisist.
@@kimmeelee9758 Quite typical among those from Hong Kong who have some serious self-identity crises.