China 2025 - Stephen Roach on China's Economy (1/3)
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www.project2049.net Stephen Roach delivers his keynote on the future of the Chinese economy at Project 2049 and the Council on Foreign Relations' conference, China 2025, on Oct. 19, 2009. Dr. Stephen Roach is Managing Director and Chief Economist at Morgan Stanley, a leading global financial services firm. Before joining Morgan Stanley in 1982, he served on the research staff for the official Federal Reserve projections on the U.S. economy. Prior to that he was a research fellow at the Brookings Institution in Washington, D.C. Dr. Roach is widely recognized as one of Wall Streets most influential economists.
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@Dimitri0809 you mean like free of charge? free for everyone? well, you are free to try and make all the stuff that you need/desire yourself, if that`s what you meant in your comment/question. but there will always be a certain degree of interdependency between people that inhabit the same planet so to speak.
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@Dimitri0809 because china attracted foreign investment first to get an inflow of money into their system first, and they basically did that with providing slave labour for low skill production as they have people in abundance over there willing to do about anything to make just a little money as a little money is still better for them than what they otherwise have,which is nothing.add basically non-existent environmental standarts for industrial activities to that and you know how it came to be
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@Powa2 china will be enron of asia, their accounting practices actually are highly doubtable, you cannot honestly be of the opinion that china is incredible, for example when the west experienced the dramatic slow down and still suffers from it china posts numbers again that simply don`t correspond to reality, they are cooking the books, the investment flow into china from the west made the U.S. suffer, but china has peaked and will be short sold and it will come to be this decade.
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@Powa2 The only problem is that they will face serious trouble in the next decades because of the one-child policy.
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gotta love stephen roach and peter schiff
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Hey, thanks for sharing this.
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