William H. Overholt, a real American patriot.
who truly understands China as well! See his bravo comments below:
"China today has huge advantages and huge problems. It is like a running man chased by a lion. If you focus on the man, he is running very fast. But if you focus on the lion, the man will likely be eaten by the big cat. "
and more
"China today has huge advantages and huge problems. It is like a running man chased by a lion. If you focus on the man, he is running very fast. But if you focus on the lion, the man will likely be eaten by the big cat. "
and more
Today China is the country that sends missions throughout the world seeking best practice. It adapts not just foreign technology and foreign corporate management techniques but also a wide variety of foreign institutions and practices: international accounting standards; British, U.S. and Hong Kong securities laws; French military acquisition systems; a central bank structure modeled on the U.S. Federal Reserve Bank; Taiwan-style regulations for foreign portfolio investment; an economic development strategy adapted from South Korea, Singapore and Taiwan; and many others. Among the most important of these changes are the decision to adopt the Western concept of rule of law; adoption of competition as a centrally important economic practice; and adoption of English language as virtually a second language for the educated Chinese population.
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