A Quote by Zhang Xin
China reformed its state sector before, in the late 1990s. Tens of millions were laid off at the time. That was scary and we had warnings of social unrest. But it did not happen. Instead, there was a restructuring in our economic system. I am not sure if China will follow a Western playbook in this respect.
Related Quotes
When I first saw China, there were no automobiles. There were no supermarkets. There were no high-rise buildings. There were no consumer goods. There were no restaurants that were at least accessible that foreigners could see. It was a Stalinist society, and a very poor Stalinist society. So the economic system has totally changed, and the private sector in the economic system is now the dominant sector. It didn't exist at all as late as 1979.
China is a one party state. Sooner or later China will get to the point when the new social classes, which have emerged thanks to economic success, will have to be integrated into the political system. There is no guarantee that this process will run smoothly.
I was in a fascinating meeting where one man had been in China recently. A Chinese professor has found evidence that Christians reached Western China before 90 AD. Before 90 AD! The idea isn't all that astonishing when we think about it. That's what the disciples thought they were supposed to do! And, I'm sure, the disciples just said, "That's it. Let's go!" And they all wound up dead. But everyone else did too!
What is applicable is to understand that first of all China has undergone a huge revolution in the last years. Anyone who saw China as I did in 1971 - and for that matter even in 1979, because not much had changed between 1971 and 1979 - and sees China today, knows one is in a different economic system.
China's economic transformation began with the introduction in the 1980s of market incentives in the agricultural sector. These reforms were followed by a gradual opening to the global economy, a process that accelerated in the early 1990s.
Some Western demographers have posited, due to the female shortage created by the one-child policy, that China will be forced to field a vast force - as in tens of millions strong - of wifeless men who'll gladly wage wars around the planet to burn off all those unrequited hormones.
My nation faces a fundamental challenge - survival. The regime is more threatened than ever before. My forefathers had it easy. The Great Leader, my grandfather, ruled with the support of the world's other superpower at the time, the Soviet Union, as well as our China. But today, the Soviet Union is history and China has become more integrated with the Western system. And the United States seeks regime change in my country. And yet, we have survived with our ideology and system intact. How? Because we have built a protection for ourselves in the form of nuclear weapons.
The political restructuring we pursue in China is aimed at advancing the self-improvement and development of the socialist political system. We will continue to expand people's democracy and build a socialist country under the rule of law in keeping with China's national conditions.
The China of the 1970s was a communist dictatorship. The China of the twenty-first century is a one-party state without a firm ideological foundation, more similar to Mexico under the PRI than Russia under Stalin. But the measurement of the political and the economic evolution has not yet been completed, and is one of the weak points of the system.
China is so central to our economic lives that journalists have had no choice but to engage China with greater technical analysis and precision.
I've always been pessimistic about China. I can't see China going on without economic or social issues.
The Western world, in spite of its advantages of mechanization and industrial efficiency is today in a worse mess than ever before in history. The adoption Western economic theory and practice will not help us in achieving our goal of creating a happy and contented people. We must work our destiny in our own way and present to the world an economic system based on true Islamic concept of equality of manhood and social justice.
We must be sure that Canadians realize that our political differences with the Communist government in China has nothing to do with the country of China, or its people. The millions of Canadians with Chinese ancestry are not connected to our diplomatic differences with Beijing.
In Businessweek magazine, they did a story a while ago about one of the ten things that the Chinese most want. One of the ten things was "Anything Trump". And I thought about that. And they respect me. China does not respect us and they don't respect our leaders. I have done great in China.
China is the big economic engine in Asia, so what happens is, as China growth expands, these countries in the periphery of China, whether it be Indonesia, Malaysia, Singapore, the Philippines, they end up growing with China because they become big exporters.
China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia.
Related Authors
Anita Roddick Quotes
English
Businesswoman
Barbara Corcoran Quotes
American
Businesswoman
Carly Fiorina Quotes
American
Businesswoman
Chanda Kochhar Quotes
Indian
Businesswoman
Iris Apfel Quotes
American
Businesswoman
Ivanka Trump Quotes
American
Businesswoman
Jacqueline Novogratz Quotes
American
Businesswoman
Kellyanne Conway Quotes
American
Businesswoman
Marissa Mayer Quotes
American
Businesswoman
Mary Kay Ash Quotes
American
Businesswoman
Nancy Dubuc Quotes
American
Businesswoman
Rosabeth Moss Kanter Quotes
American
Businesswoman
Sallie Krawcheck Quotes
American
Businesswoman
Sheryl Sandberg Quotes
American
Businesswoman
Sophia Amoruso Quotes
American
Businesswoman
Whitney Wolfe Herd Quotes
American
Businesswoman