A Quote by David Wessel

Chinese don't really believe in markets. They like stability, they like control. — © David Wessel
Chinese don't really believe in markets. They like stability, they like control.
If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system?
A lot of people in the USA probably don't understand how important they are to the mortgage markets. And it's really important for people to have confidence in the mortgage markets and that there be stability in the mortgage markets.
As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like.
The Chinese government still would like to see U.S. Internet companies explore the Chinese market, providing they are willing to abide by Chinese law. I think companies like Facebook should think about the Chinese market.
I think the Chinese are really amateurs when it comes to running markets.
Young Chinese, who have grown up in an age of prosperity and stability, are typically the most passionate defenders of the Chinese political and economic way.
I believe that there have been repeated attempts to influence prices in the silver markets. There have been fraudulent efforts to persuade and deviously control that price. Based on what I have been told by members of the public, and reviewed in publicly available documents, I believe violations to the Commodity Exchange Act (CEA) have taken place in silver markets and that any such violation of the law in this regard should be prosecuted.
In movies and television shows, there has never been a really good Chinese lead. So often the Chinese look like they are very scared and shy.
But the world is ever more interdependent. Stock markets and economies rise and fall together. Confidence is the key to prosperity. Insecurity spreads like contagion. So people crave stability and order.
We really believe in the earnings. We're very proud that often we do well in the down market. But you know, there are some markets where they just lose liquidity, like 2001, 2008.
Americans believe that you can alter people by conversion, and that everybody in the world is a potential American. The Chinese also believe that their values are universal, but they do not believe that you can convert to becoming a Chinese unless you are born into it.
I believe that an author who cannot control her characters is, like a mother who cannot control her children, not really fit to look after them.
Chinese President Xi Jinping says that if Canada wants free access to Chinese markets, Trudeau should first ram a pipeline to the B.C. coast on China's behalf.
I wonder what all those Chinese poets sound like in Chinese. I like their distilled quality.
Helping Wall Street regain confidence and stability was the last thing an angry public wanted in 2009 after the markets crashed. But without such support, markets can buckle and liquidity can disappear - often for decades, as has been the case in Japan.
The Chinese government tried to keep a lid on the SARS crisis, but there were 160 million text messages in three days sent by Chinese citizens. These are early indications that it's going to be difficult for people who used to have control over the news to maintain that level of control.
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