Listen to this very interesting interview of Jin Liqun, Chairman of the China Investment Corporation. Where he is essentially saying that Europe is not sustainable as it is.
7 comments:
Kunaal Beenessreesingh
said...
After going on a credit binge for the past 3 years, China are quite the wrong people to talk about sustainable models. For all the decoupling myths out there, I see China as a deep out of the money option on the US, and I wish good luck to anyone who's willing to buy it right now. It is my contention that they will get to know, albeit at their own expense, that there are no shortcuts to greatness.
@Kunaal: China has always been a great country. It is just reclaiming its natural spot. Just like India. It has been growing at a strong clip for so long because it has started from a low base. Let's not compare countries with thousand of years of history and those with a few hundred years...
I have a bias towards America, albeit this has changed a lot from what the founding fathers architectured for it. Simply, they had a model to allocate capital to projects with the highest returns with only one chance to make it.
Bridges to nowhere, ghost towns - Really?! Is that greatness?!
7 comments:
After going on a credit binge for the past 3 years, China are quite the wrong people to talk about sustainable models. For all the decoupling myths out there, I see China as a deep out of the money option on the US, and I wish good luck to anyone who's willing to buy it right now. It is my contention that they will get to know, albeit at their own expense, that there are no shortcuts to greatness.
@Kunaal:
China has always been a great country. It is just reclaiming its natural spot. Just like India.
It has been growing at a strong clip for so long because it has started from a low base.
Let's not compare countries with thousand of years of history and those with a few hundred years...
Seeing this reply just now.
My point was not so much about the figure than it was with how it was being achieved.
China was already great before Vespucci's little discovery...
Incidentally, who are the 'authentic' great and how did they achieve their greatness?
I have a bias towards America, albeit this has changed a lot from what the founding fathers architectured for it. Simply, they had a model to allocate capital to projects with the highest returns with only one chance to make it.
Bridges to nowhere, ghost towns - Really?! Is that greatness?!
Allocating projects with highest returns? In China too they know how to use capital budgeting techniques.
A few bridges to nowhere will not even register as a blip in China's march to reclaim its economic dominance. And here is another clue.
The key was they had only one chance because it was the gold standard, not the money printing times we live in.
Notice a trend?
http://static.alsosprachanalyst.com/2012/08/image108.png
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