Author: voice_cd

WSJ interviews Chinese President   [Copy link] 中文

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Post time 2015-9-23 01:15:59 |Display all floors
WHY cant the mainlanders be able to read wsj...why Xi has to edit & revise  
a man who uses his hands is a laborer. one who uses his hands and his mind is a craftsman. but he who uses his hands, his mind, and his heart, is an artist...

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Post time 2015-9-23 04:44:39 |Display all floors
This post was edited by mixamixa at 2015-9-22 22:46
Jim9 Post time: 2015-9-22 20:15
That is... because there are too dumb ignorant people like yourself in the world....Xi smart enoug ...

Chinese so called leaders do not give live press conferences with anyone. Even in China, after their get elected they read something from paper, take couple of pics and run back to Zhongnanhai to figure new ways to embezzle public funds.

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Post time 2015-9-23 09:53:18 |Display all floors

China, the world's largest economy is growing at 7% . Its capital markets are a work in progress. The Chinese are smart and disciplined and they have done a magnificent job growing china. There's no reason to think anything fundamental has changed. China is the future.

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Post time 2015-9-23 11:56:10 |Display all floors
This post was edited by abramicus at 2015-9-23 11:59

Overall, well written.

However, Consumption-Driven Economics is unsustainable.

Why?

Because when consumption leads production, the shortfall must come from three sources, none of which is sustainable.

(1) Spending one's savings, including the country's foreign currency reserves - when they are gone, or even earlier, when their total drops below the total of foreign-denominated debts, there is nothing left to spend, and therefore nothing left to consume, and thus the consumption-driven economy will fail.

(2) Spending what one borrows, which follows after one has spent one's savings and foreign currency reserves - when foreign creditors raise their interest rates higher than what the Chinese borrowers can pay, these borrowers become bankrupt, and their workers are laid off, and thus the borrowing ceases - and this too is unsustainable.

(3) Spending what one steals, which is the only option left after savings are gone and borrowings have drief up - forcing other countries to accept one's currency as payment for its goods and services, i.e, forcing other countries to accept Yuan as their reserve currency, requires a military force 10 times what China currently possesses, and if this military might is not created first, to engage in this kind of highway robbery only invites China being challenged abroad, and attacked at home, which is unsustainable as far as economic growth is concerned.

Therefore, to tell the China-haters that China is committed to a Consumption-Driven Economy is about as energizing to them, as to declare that China is committed to national suicide, and that they can count on it, on the honor of the Chinese government.  Naturally, they will be even tougher on China on every front, knowing that China will eventually cause its own collapse that it would be powerless to reverse by the time it realizes its mistake.  Why then should any foreign leader give China any slack?  No way, because there is no such need.

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Post time 2015-9-23 11:56:56 |Display all floors
This post was edited by smuffy at 2015-9-23 12:01

US always accuses China of cyber attack, but has never been able to show any proof. "Cyber theft of commercial secrets and hacking attacks against government networks are both illegal; such acts are criminal offences and should be punished according to law and relevant international conventions," this is the voice of China and President Xi stated it with authority.
There is no point in playing the blame game. Both China and the United States are big players on the Internet. Cyber security can be used as a starting point to minimize disagreements between them.

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Post time 2015-9-23 15:25:20 |Display all floors
bushier Post time: 2015-9-23 00:26
Those questions asked by the NYT journalist are intended to insult Chinese people.  If China journ ...

So true what you say.  The western news are the worst, propaganda at its best, ask me I'm a westerner.

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Post time 2015-9-23 15:25:20 |Display all floors
This post was edited by 1626548377 at 2015-9-23 15:26
bushier Post time: 2015-9-23 00:26
Those questions asked by the NYT journalist are intended to insult Chinese people.  If China journ ...


So true what you say.  
The western news are the worst, propaganda at its best, ask me I'm a westerner.

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