A Quote by Sanjaya Baru
All economically well-off nations have used what has been dubbed 'cheque-book diplomacy,' and China does so, too. Apart from funding government-to-government lending, China has also been able to create global companies and global brands that have contributed to Chinese soft power.
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Markets do not run better when manufacturing shifts to China largely because of the actions of its government. Nor do they become more efficient when Chinese companies are given special privileges in global markets, while American companies must struggle to compete with unfairly traded goods.
China has national security laws that compel Chinese companies to provide the government with information and access at their government's request. And virtually all Chinese companies of any size are required to have Communist Party 'cells' inside them, to make sure the companies stay in line with the party's principles and policies.
After the Manchu government had carried on wars with foreign nations and had been defeated, China was forced to sign many unequal treaties. Foreign nations are still using these treaties to bind China, and as a result, China fails at whatever she attempts.
Sooner or later, you will see a China-based company that really has a global impact, and I think Baidu has a chance to become one of those companies. We should be able to compete on a global basis.
The Chinese government supports Chinese companies in going global. But we believe that this process should be market-oriented, with companies being the main driver.
I think the Chinese are wise. After all, they know the U.S. is in a very different league than Russia. The U.S. is the major power in the world, and the US-China relationship... is very important to global stability, to sustain global economic growth.
You get a series of super-typhoons into Shanghai and millions of people die. Does the population there lose faith in Chinese government? Does China start to fissure? I'd prefer to deal with a rising, dominant China any day.
I've often said that the desire to lecture China on how it should behave in the world is wrong. China was around for thousands of years even before America existed. It could even be that China's growing power will allow itself to be slowed down. But as long as this immense empire doesn't fall apart, it will become an important factor in global politics.
You think looting is bad in Egypt, look at Peru, India, China. I've been told in China there are over a quarter-million archaeological sites, and most have been looted. This is a global problem of massive proportions, and we don't know the scale.
The defining issue is that the government in Taiwan was considered to be the government of all of China, and the authorities in Beijing were not recognized as a government of China. So Taiwan was the residuary for all of China.
China is not only formidable, it is also aggressively building its own economic infrastructure. Just a few years from now, China will rival the U.S. and the European Union in global market power. It already has surpassed us in population.
We want to assist China's soft power; we want to develop a vibrant young cinema in China. The average American has no understanding whatsoever of China. We'd like to create a young generation to tell their stories on a world stage. We can make history as well as make money.
When I was in government, the South African economy was growing at 4.5% - 5%. But then came the global financial crisis of 2008/2009, and so the global economy shrunk. That hit South Africa very hard, because then the export markets shrunk, and that includes China, which has become one of the main trade partners with South Africa. Also, the slowdown in the Chinese economy affected South Africa. The result was that during that whole period, South Africa lost something like a million jobs because of external factors.
The government's desire to expand global trade may be understandable, but we mustn't give away too much. We must tell our elected representatives to at least delay the Canada-China FIPA until it has been examined more thoroughly, and to reconsider the inclusion of investor-state arbitration mechanisms in all trade deals.
The Internet has been seen in the West as the quintessential expression of the free exchange of ideas and information, untrammeled by government interference and increasingly global in reach. But the Chinese government has shown that the Internet can be successfully filtered and controlled.
Is France a completely open market to G.E.? No, of course not. I think we're more discerning about China because it's China, and they're big, and they're more concerning. But the best global companies are ones that are nuanced.
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