The Re-invention of China's Economy

Read our blog "The Future of the Free Market" http://bit.ly/aRShwh

Instead of producing cheap goods for foreign companies, can China make the leap and create its own corporate champions?

GUESTS:

Peter Navarro is a Professor of Economics and Public Policy at the University of California, Irvine and author of The Coming China Wars: Where They Will Be Fought and How They Can Be Won.

Ian Bremmer is CEO of Eurasia Group and author of The End of the Free Market: Who Wins the War Between States and Corporations.

Bernie Wolf is a Professor of Economics and International Business at the Schulich School of Business at York University.

Andrea Chun is a lawyer and host of Newsbeat, a Cantonese-language talk show, on Fairchild Radio.

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[AmersfoortTristan]

@AmersfoortTristan The only difference that in China the government owns businesses and in the US business owns the government.

[fastkillmmm]

Hey that Peter the idiot, go to check the list of suicide rate by countries on Google, China's suicide rate is just at the 66th but Japan's suicide rate is the 5th and South Korea is at the 2nd in the world, let's see who are happier now.

[Scientisticsoviet]

@AmersfoortTristan You said it so much like it is, I don't even know what to say now...

[edwardtang1977]

you can't blame Americans....besides from being sour and bitter, what else can they do?

[corporalcharlie]

Don't we remember the Japanese government forced foreign investors to open their firm-factories for 100 days to local Japanese entrepreneurs in the post-war era?

So it's okay that Japan does somethinglike "stealing western" tech but not okay for China =) lol

[MrRyvil]

I'd rather live in a country where the business owns the government than vice versa, but both government types are no good.

Vote for Ron Paul and we wont have to worry about either government type.

[ivarunmehta]

@redwhitedude I am not arguing on these new points you listed. Could debate them but youtube is hardly the forum for such.

All i am saying is (not to you personally per se)

"Don't like China?, Get the f**k out, and stop whining, no ones holding a gun to CEO's doing business there"

There are enough big markets than China, India/Africa is bigger combined see how it goes there.

[redwhitedude]

@AmersfoortTristan both have disadvantages.

[redwhitedude]

@ivarunmehta The problem with china is that their enforcement of law is very sketchy at best. They say they have some of the most stringent environmental protection laws but you see them looking the other way when factories are dumping untreated waste into their rivers. This is actually a common complaint their nonenforcerment of laws. Intellectual protection laws enforcement is also somewhat sketchy. FOrcing companies into joint ventures is also an issue.

[ivarunmehta]

@ivarunmehta I meant *convincing.

Once again, every sovereign country has the right to ask a deal which is heavily biased into its favor.

Other sovereign countries have the right to refuse to go into that market.

Plain and Simple. Period

Thats why i called Navarro blaming China in this situation stupid. maybe harsh but still not far form it.

[ivarunmehta]

@redwhitedude My argument still stands.

I haven't seen credible evidence to suggest they are doing this on industrial scale.

Anyway even if they are doing this, since China is now a signatory to WTO it is bound by Int. law.

Those who feel like they are playing unfair can launch a complaint there as some US congressmen were about to do few months back or last yr. if i remember.

Not doing so then blaming China is not really unconvincing and smacks of confusion and uncertainty.