Jan
27th
Wed
2010
I met a Tibetan cab driver this morning, and when I told him I hoped his country achieved peace within the next ten years, he said to me, ‘No, ten years is too soon. Maybe in the next 2-3 generations.’

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)

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