27th
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On a serious note, this morning I read an article about the Chinese economy and potential asset bubbles that I recommend to everyone interested in international business. While some would say that China’s shift towards a more democratic and market-oriented economy is fantasy, I would argue that although it is very slow and deliberate, it is still meaningful. With such a large and diverse population (in terms of both culture/language and socio-economic background) anything short of a very long-term approach would result in anarchy. I particularly agree with a belief I have found to be fairly mainstream in my dealing with natives of the mainland, and echoed in this quote. (from China: Bubble? What Bubble? by Dr. Stephen Leeb at Seeking Alpha) |



