"Xia Bin from China's Development Research Center (DRC), home of reformers, says it is time to end happy talk and brace for condign punishment. "We need to find ways to let the bubble burst and write off the losses we already have as soon as possible to avoid an even bigger crisis. It means hard days, it means the bankruptcy of some companies and financial institutions, above all it means reform," he said."So reports Ambrose Evans Pritchard in the Telegraph. My question: how much of all this is being attended to, discussed and argued over by young people in China? Here in Taiwan, my impression is that most young people tend to ignore developments in China for one reason or another.
Friday 19 July 2013
Ambrose Evans Pritchard: Chinese Crossroads
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Comment moderation is now in place, as of April 2012. Rules:
1) Be aware that your right to say what you want is circumscribed by my right of ownership here.
2) Make your comments relevant to the post to which they are attached.
3) Be careful what you presume: always be prepared to evince your point with logic and/or facts.
4) Do not transgress Blogger's rules regarding content, i.e. do not express hatred for other people on account of their ethnicity, age, gender, sexual orientation or nationality.
5) Remember that only the best are prepared to concede, and only the worst are prepared to smear.