China 2025 - Stephen Roach on China's Economy (1/3)

www.project2049.net

Stephen Roach delivers his keynote on the future of the Chinese economy at Project 2049 and the Council on Foreign Relations' conference, China 2025, on Oct. 19, 2009.

Dr. Stephen Roach is Managing Director and Chief Economist at Morgan Stanley, a leading global financial services firm. Before joining Morgan Stanley in 1982, he served on the research staff for the official Federal Reserve projections on the U.S. economy. Prior to that he was a research fellow at the Brookings Institution in Washington, D.C. Dr. Roach is widely recognized as one of Wall Streets most influential economists.

Category:

News & Politics

Tags:

• Stephen Roach
• China 2025
• China economy
• China economic future

[Powa2]

The Chinese economy is truly incredible, it's an economy that makes me reminisces of Korea in the 80s and Japan in the 60s. It's a dynamic economy that isn't laden with debts that's fueled by real growth. The ultimate success of their economy could be attribute to their government, the government has provided and cut loans at the right time, invested heavily in all areas and promoted labour. However, their economy has to increase consumption to extend their growth after their labour cost rise.

[RealPolyester]

This lecture has been up for a month and it ONLY has 404 views! Have we become that brain dead as a society that we ignore the thoughts of guys like Stephen Roach? He just reconfirmed my belief that there will be a world altering resource crunch in the future.

And what will the mainstream be asking itself when shortages arise: "Where'd du oil, water and du other resources go? No one saw dis comin'."

We're in trouble people.

[CHUUMPASS]

@Dimitri0809 you mean like free of charge? free for everyone? well, you are free to try and make all the stuff that you need/desire yourself, if that`s what you meant in your comment/question. but there will always be a certain degree of interdependency between people that inhabit the same planet so to speak.

[Dimitri0809]

@CHUUMPASS

So when does the time come when things actually become free you know.. when we have the ability to make things free hopefully?

[CHUUMPASS]

@Dimitri0809 because china attracted foreign investment first to get an inflow of money into their system first, and they basically did that with providing slave labour for low skill production as they have people in abundance over there willing to do about anything to make just a little money as a little money is still better for them than what they otherwise have,which is nothing.add basically non-existent environmental standarts for industrial activities to that and you know how it came to be

[Dimitri0809]

@CHUUMPASS

But how come China could not grow their own economy? How come they have had to rely on foreign investment?

[Dimitri0809]

@Powa2

If china can invest and get a hold of advancements in technology then the time will come where china may become a superpower that has the capability to provide it's people a high technological standard of living similar to what Japan lives by.

basic necessities like clothing and food may be a free commodity in future not just in china. 

[milkofmal]

@CHUUMPASS ....

[milkofmal]

@RealPolyester people are more into Madonna dating some guy less than half her age or what Lady Gaga is gonna wear, i guess.... cheers!

[milkofmal]

@KatiushaVN4 yeah, propaganda it is... but its coming from stephen roach and i kinda like his track record and not some you tubee anonymous smart ass.... cheers!