Fascinating read
“China’s economy is like a giant ship heading to the precipice. Without fundamental changes, it’s inevitable that the ship will be wrecked and the passengers will die.” Chen Tianyong wrote in, “Why I Left China: An Entrepreneur’s Farewell Admonition.”https://www.nytimes.com/2019/02/23/business/china-entrepreneurs-confidence.html …
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"why I left China" but continue business ownership there, in fact, it's so great and steady he doesn't even need to check on his businesses. They run on their own. Pretty funny to think they're a heading to a precipice and yet haven't sold those businesses
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He’ll feel right at home in Malta.
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I' ve been hearing this since the nineties. And next decade China is heading to be largest economy of the world
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I mean, the same is applicable to the USA, arguably. We're long overdue for an apocalyptic stock market crash. But these entrepreneurs are right, the Party still thinks this crap can last forever.
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It's pretty astonishing that the PRC's leadership can be simultaneously inspired by both Lee Kwan Yew and Kim Il Sung. Once they run out of the means to keep up the neoliberal economy, they're going to start taking it out on the citizens.
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Reminds me of what Charles Dickens said of America...
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In my opinion, China's economy has been making steady progress, and the results of the 40 years of reform and opening up are obvious to all
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It’s ironic since rich Chinese business elites like these are themselves part of the problem; massive inequality, poverty and class divide will be what leads to unrest. You already have supposed “communists” brutally repressing workers trying to form real, independent unions
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