A Quote by Marc Faber
As an observer of markets - whenever everyone focuses on one thing - like Greece and Europe - maybe they miss issues that are far more important - such as a meaningful slowdown in India and China.
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I can say that China has been cooperating with India to search for solutions. On some issues, it's a question of principles for them. On some issues, it's a question of principles for us. On some issues they differ with us and there are issues on which we differ with them. There are some basic differences. But the most important thing is that we can speak to China eye-to-eye and put forth India's interests in the most unambiguous manner.
Markets are saying pretty much what I'm saying too: that Greece is doing what it can, but that Greece is not going to be able to carry the weight of all of Europe and the other problems that Europe has.
Given the stake that both the U.S. and Europe have in stabilising and sustaining global growth, their policies should be aimed at ensuring China, India, and other newly industrialising Asian economies can take up the slack created by the slowdown in OECD economies.
I am against portraying China as the demon of the global community. China has grasped more quickly than other countries what globalization means and what it demands. The country has learned how to use other people's innovations for itself. India, incidentally, is not far behind China in this respect. Both are not nations in the European sense, but rather cultural communities with enormous markets. The challenge of the future is to work out how to deal with that.
Greece has given Europe the opportunity to fix a defect in the euro zone, that is the fact that we did not have a fiscal union. Now steps have been taken to begin that process. And there is more solidarity from nation to nation, and that is a good thing. That has been Greece's gift to Europe.
If Wanda can control more than 20 per cent of the world's three most important film markets - the United States, Europe and China - then it will have an empire with great voice in the industry.
In terms of building consumer products, the U.S. and China are ahead of India. The interesting opportunity for India is whenever there is a disruption in technology, it gives every country a chance to leapfrog and take a lead. To take an example, China is leaping ahead in growing the China electric vehicle ecosystem.
Our position in Europe is not negotiable. The Greek people will defend it by all means. But participation in the euro involves rules and obligations, which we must consistently meet. Greece belongs to Europe and Europe cannot be envisaged without Greece.
5G trials will accelerate in 2018, and in 2019, we can expect to see meaningful deployment in the U.S., China, and potentially other markets like Japan.
Some people have blithely dismissed growth in markets like China and India, saying Silicon Valley will always be the hub for tech: that everyone will come to us. Wake up: Because the numbers are showing money and talent is increasingly going elsewhere.
Between 1995 and 2009, Western Europe's entrepreneurs created jobs faster than the U.S. did, and European economies exported more than the BRIC countries of Brazil, Russia, India and China. Eastern Europe's productivity increased more rapidly than East Asia's.
My good friend Yao Ming was the first big player in the NBA to come from China. He gave himself to the game and was successful. That inspired the NBA to invest more and do more for the game of basketball. We're building academies not just in China, but in India, Africa, Europe and South America as well.
At the moment we are hard-wired into the European markets - 50% of our exports go to Europe - and that has not been good for the UK. So I'm not saying "make Britain entirely dependent on China". I'm saying "let's diversify a bit". When I became chancellor, China was our ninth largest trading partner. This is the world's second biggest economy. China was doing more business with Belgium than it was with Britain.
I'd like to take a motorcycle trip across Europe, maybe even across China. Of course I'd also like to broker a peace agreement between the Israelis and the Palestinians, but it's important to put ceilings on one's ambitions.
There remain of Europe, first, Macedonia and the part of Thrace that are contiguous to it and extend as far as Byzantium; secondly, Greece; and thirdly, the Islands that are close by. Macedonia, of course, is a part of Greece, yet now, since I am following the nature and shape of the place geographically, I have decided to classify it apart from the rest of Greece and to join it with that part of Thrace.
Burma wants to have good relations with our neighboring countries, China and India. I do believe the United States itself wants to live in harmony with China and India. That's why we have to lay down political policies that are fair for everyone.
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