She is in a great position to be a bridge in understanding between China and US. More Asian academics need to speak out with a similar confidence instead of having to tiptoe around issues reflecting Western academia's bias.
Thank You, Keyu Jin for enlightening us on how one should view the growth of China and how it can impact and even benefit the whole world. Your recommendation for the needed cooperation between China and America instead of the nasty situation they currently are engaging is very appropriate, timely and quite commendable. I hope more people follow you in the social network and I hope more networks also feature you in their quest for understanding China. My hope is for more younger people get the chance to hear and learn from you. Keep up the good work of bridging the two cultures together.
The US escalating against China has nothing to do with what China is, it's about not allowing China to become the largest economy in the world. And the US will argue it's about maintaining the world order but it's not really about that, for the US, in the US, one thing matters most (and more and more) and that's social status. And that's also the cause of the internal problems the US has. Social status in the US is job and money but job is mostly about money. And this is the core value, slowly eroding all other values. And Keyu Jin, one small limitation she seems to have is that she's a bit trapped by her own education, it would be best if she wouldn't take anything learned in school as necessarily true. Would also be good to look forward, in an age where robots do all the work (smarter, faster, cheaper than humans), what are the costs? Mining rights, taxes, land. Where is the value? in those plus intelligence, artificial ofc. A fix to the conflict, the US understanding what the root of its problems is and the West in general realizing that there is no competition anymore in their markets, mostly but not only, due to excessive consolidation, the way we interpret capitalism and a total and complete lack of interest in following laws and regulations - regulators step in with a delay of 15 years , literally 15 years and 15 years is too late, pointless. And no competition also means no innovation. Startups innovate as there is no other path for them but it's nearly impossible for startups to rise in the current context. Tesla has innovated in 10 years more than the entire industry in 30, Boeing and Airbus can make a plane that's 40-50% cheaper to operate and both of them know it but they also know that the other guy is not gonna do it because it's time and money and work and risk. The West is very risk averse as risk is grey while the West is back and white, good and bad, heaven and hell, grey doesn't exist. Large companies do not worry about tomorrow as they have more resources than they need so they worry about today, they focus on maximizing margins through any and all means. And when only such companies own a certain market, they play nice, they don't compete, why would they, nobody wins in a price war (only true in this kind of market) and they become lazy and slow and bloated while innovation would be a pointless complication. Small companies that are trying to rise are slim, efficient, fast, agile and innovation enables their rise. They worry about being alive and doing well in 15 y from now and that's all that matters, today they don't mind low margins or even losses, as long as they are on the right trajectory. And for the West even the systems, capitalism and democracy, they are stuck in time, we are not trying to improve them, to innovate, to progress and no progress , in practice, means decay and an eventual collapse. And i suppose maybe we don't innovate because it's all black and white and any different system is defined as bad and bad must be fought and defeated. And we got stuck in a fight with the wind mills, while turning our systems into something sacred that can not be changed. Not even the way we address inflation. Not even adjusted for cultural differences, just absolutism, Inquisition, the only difference between now and colonialist times is that today it's mostly through economic means, not military. Fun times, a culture that does not progress anymore, absolutist and arrogant. If China takes the same path, remains to be seen. How AI changes the game, also remains to be seen.
The lack of competition also creates a disconnect between economic growth and improvements in quality of life and it's so bad that ,when voting, people from both Europe and the US are shunning the mainstream. True that this is made worse by the fact that we had Covid followed by inflation so times haven't been good in quite a while and people are extra fed up. And please note that the US sacrifices life, people, for higher economic growth. Europe doesn't., Europeans like to have an actual life as opposed to just work and nothing else. And the growth of the West in the last few decades has been driven by globalization - the West had the capital and the capital owners benefit the most. The US has also enabled and maintained through diplomatic means certain monopolies , MSFT, INTC, QCOM, GOOG, social media and much more - and yes, legal, not so much. The real growth, the one on merit, was mostly in older times, not in recent decades. Recent decades have been a decay, a decay masked by the benefits of globalization.
Dr. Jin should go on mainstream US tv, such as Fox, PBS, CNN to give out your side of opinions on China. There is no one speak on China's side story right now in US media.
In the 1970s, both China and India had similar size populations. Today, they still have similar size populations, and that's thanks to the One Child policy. Your point is well-taken. Without the One Child policy, China today would be struggling with poverty and even famine. As it is, India is still mired in absolute poverty with over 100 million people living in horrid conditions.
Personally, I think the USA has changed culturally over my lifetime. The change is regressive, towards more open racism and outright chauvinism. This has resulted in the breakdown of civil society and infrastructure. We are now back to the 19th century. We have lost 2 centuries of hard won social evolution in less than half a century. There does seem to be an off-ramp. By the end of this century, the USA and the rest of the west will be back in the 17th century. All while China and the rest of the world advance into the 23rd century.
I would say last 30 years I’ve been debating Americans since the 1980s From the 1990s onward there has been some serious intellectual decline But it should be no surprise only mid 30% of Americans are reading and math proficient by the age of 15
@@gryblk21 a d why do you think it happens.?? Nothing.in life and politics is a coincidence It looks more ..it was planes many years before it is happening. Take my word
Western economy has a clear line between government and private sector and government has rarely get into private business. But governments in China and many other countries including South Korea and Japan, are historically active in guiding and managing its private sector, even running business (SOE). There are pros and cons to have government involved in business activities. In general, a good government can make everything works and a bad government can make everything looks bad, regardless its governance structure.
She explained very well how did Chinese top and local governments successfully not only plan, manage and orient, but also assist, coordinate and help private/state-owned businesses in last decades.
There was a period that half of the around 5 million military force are engaged in consumer products production . Later on military are forced to give them up and SOEs took over most of them.
Thank you for being so explicit with your explanation about economics policies . 🇨🇳 has profited already too much. Time to stop that machinery of making without receiving from other countries
What does it mean "they value hard work"? That is a statement to stupidify workers. Please talk about how workers are doing in China? How are they benefiting from their hard work?
Is that before the social democrats destroyed and murdered their communist allies, setting German up for it’s appointment with its nazzi future? And now Germany is a vassal state of the US
Dalam menjalani penjelajahan kerjasama dengan sirkulasiyang berjalur jalur semakin besar memang dibutuhkan konsepsi yang semakin moderat dan independensi yang semakin memproteksi antar substansi substansi yang menjadi cakupan antar lingkaran pengelolaan
Chinese government is still extremely heavy handed. In Shanghai, Jiangsu and Zhejiang, many small businesses are forcibly being expropriated of their real estate assets, ostensibly to make way for new investments. These small businesses are being forced to pretty much give away their landholdings despite having multiple decades of usage rights left on these properties. The compensation is based on the land acquisition cost from decades ago. Basically, you are given token amount of compensation that isn't enough to buy a residential unit in the same locality, real estate appreciation and inflation effects be damned. Of course, this is still better than the 1950's. Defiance in agreeing to give away one's business in those days meant jail and often much worse. Nowadays, local governments will use all their administrative toolkits such as claiming noncompliance with fire fighting regulations, claiming garbage disposal irregularity and cessation of utility services to force small business owners to agree to the compulsory acquisitions of their landholdings. Most small businesses are still expatriating their capital overseas as they do not believe their hard earned money is safe and contracts signed with Chinese government are not worth the paper they are written on.
The Chinese government are very pragmatic in their thought processes in business dealing. Cooperate where possible and set aside all differences. It’s an extremely profound human concept. Unfortunately, the U.S. government, namely Trump found that concept to be an opportunity to dominate China. In business world, if we knew that our client needs our products badly, our pricing will naturally be elevated and we will take a tougher stand in all negotiations. That’s the reasons for the U.S. government to unceasingly threaten China for the past 4 decades, and the last Trump administration in particular. Trump read the first part of the sentence. He didn’t read the last part, where Chinese are willing to set aside all differences. In other words, if the U.S. leadership has no common ground for cooperation with China, they will set American government aside too. It’s been a funny tales of a pragmatic chinaman and a quick tempered, red hair old drunk.
Chinese governments only co-operate with someone else ONLY when they want to use their "partner", after the Chinese reach what they want they will turn around and kick their "partner" in the butt. Just look at what they do with their own citizens and the other countries around the world. Never trust the commies
How you are going to bring together 5000 years of culture. Civilizations. Science, medizin architecture and so on with a country of 250 year of history. How you are going to explain to a toddler there are universities. The most important thing in life is culture and economy to prosper.
One small step at a time. Plant seeds. The difference in terms of our knowledge gap between my dad when he was 90 and I was 61 was not as stark as when I was 7 and he was 36. Besides the cross cultural learning and inputs between the People of both countries will hopefully bridge the gap.
@TheJOEVIV yes I agree with you from a personal view it is like as you say. But in my opinion it is engraved in the ADN OF PEOPLE , WHICH HAVE A HISTORY OF 5000 years. Even peasants, who are not able to read an write carry with them this wisdom. It goes the same with a family of 500 years...they are in one or the other part history of their community
When China decided the nation need to produce its own washing machines to export because there is no domestic market for washing machine yet, the defense industry more than just SOE stepped in, mass produce washing machines on automatic production lines. The rest is histories.............
I'm wondering who this Keith Yap is. I'm Singaporean myself. Never heard of Keith before but recently he's been able to invite quite a few famous and influential people onto his podcast.
While i certainly think state had helping hand in China, the reforms and market were decisive factor. The reason for the fastest growth was simply the backwardness of China in comparison to the growth potential there was based on new technologies and the affluence of US and Europe. Of course it took Western countries hundreds of years to develop because there were no robots, computers or maritime links in early 1900 in comparison to what we had in 1980s when China started the reforms. There were no GDP giants like EU and US to buy products in late 1800s or early 1900s and fund such growth. The reality is that the massive growth of China was only possible because it developed in era that had huge world economy with necessary logistical links in place and Western countries were ready to invest money to China and migrate production there in fashion they did. This doesn't mean China couldn't have grown without it, it's just the reason why it became the record growth that it is.
Small family of 3,4 people cook their own food is a new experiment since mid-1980, may not be that good an idea after all. There are public eateries serve elders and others in many communities at a very affordable price , not unlike what it used to be in people's communes in the countryside ,where there are no private kitchens.
Understand the countries you trade with but stick to your own history and culture. Opening of China’s markets, under strict central planning, something the last couple of Emperor’s didn’t do is your future, that’s about the only aspect of neoliberalism you want, nothing else, it’s all toxic
She has a very weird perception of Europe, something in line with what he US far right would push. And that's quite shocking as she seems to be smart and a decent person. When it comes to globalization, Europe focused on Eastern Europe but as that part of Europe is catching up, growth is slowing down. And Europe is not overly regulated, regulations are hugely insufficient, well bellow what would be reasonable to protect the population. Plus certain types of regulations are not enforced - nobody is trying to make sure that there is competition in the marketplace, nobody is trying to make sure that there are benefits for society. Bureaucracy, that's another matter. The Western capitalism is in a coma but that's on the lack of (and refusal to enforce existing) regulations, not on too many regulations. Regulations make sure that the system works as design while also protecting the public. They don't slow down the system, they speed it up, they optimize it when the market fails to self-regulate.
The advice of... Go after your passion...to a child or not-so-immature teenager is wrong...that's what is happening in America. If you let him/her choose..., you will end up with a totally useless subject...will go with an easy and useless one...instead give advice about learning as much as possible how many different opportunities are there...learn as detail as possible and pursue your ambition.
7:30 Sorry, this all sounds way, way too much CCP halleluja! When deng opened up with Shenzhen, the cheap HK manufacturing bosses rushed in for the cheap labour. What was produced was also of great value to the internal market (like garments, electronics, etc) That internal market was dirt poor just at the cusp of developing. Stuff was missing in China, cheap stuff was missing in the rest of the world. So manufacturing was the obvious thing to do. Why is it still going on today? Stuff does not challenge CCP rule! Smart people delivering services does!
If only more Chinese, alot more, can speak and write in English, the international language, maybe the West and China can get along better. English is important, very important in our lives.
0:40 Sorry, lady, the western markets took 200 years and more, because all the modern math, physics, chemistry and loads of other science had to be discovered first one after another! 🤣
Articulative, confident, amicable. proud of her
She is in a great position to be a bridge in understanding between China and US. More Asian academics need to speak out with a similar confidence instead of having to tiptoe around issues reflecting Western academia's bias.
@Time4Peace western academia hates the west, what are you talking about. Just more anti American propaganda
What do you mean? Do you know what comes with taking the crown from the US? Oh my God!
Great interview. Prof Keyu Jin is one of my most favourite person that I hv listen number of her dialogues witTh others
Thank You, Keyu Jin for enlightening us on how one should view the growth of China and how it can impact and even benefit the whole world. Your recommendation for the needed cooperation between China and America instead of the nasty situation they currently are engaging is very appropriate, timely and quite commendable. I hope more people follow you in the social network and I hope more networks also feature you in their quest for understanding China. My hope is for more younger people get the chance to hear and learn from you. Keep up the good work of bridging the two cultures together.
Appreciate professor Jin to “educate” westerners what China and Chinese really stand for.
Really admire Ke Yujin - smart and beautiful. She is one of my favorites.
Excellent
Thank you so much
China #1.
thank you so much.. i really appreciate it and enjoyed it..
Glad you enjoyed it!
Wow u got her to speak to you thats cool af
She is really cool!!
Great view
Thank you so much. I’m so enjoy watching you ❤
The US escalating against China has nothing to do with what China is, it's about not allowing China to become the largest economy in the world. And the US will argue it's about maintaining the world order but it's not really about that, for the US, in the US, one thing matters most (and more and more) and that's social status. And that's also the cause of the internal problems the US has. Social status in the US is job and money but job is mostly about money. And this is the core value, slowly eroding all other values.
And Keyu Jin, one small limitation she seems to have is that she's a bit trapped by her own education, it would be best if she wouldn't take anything learned in school as necessarily true.
Would also be good to look forward, in an age where robots do all the work (smarter, faster, cheaper than humans), what are the costs? Mining rights, taxes, land. Where is the value? in those plus intelligence, artificial ofc.
A fix to the conflict, the US understanding what the root of its problems is and the West in general realizing that there is no competition anymore in their markets, mostly but not only, due to excessive consolidation, the way we interpret capitalism and a total and complete lack of interest in following laws and regulations - regulators step in with a delay of 15 years , literally 15 years and 15 years is too late, pointless. And no competition also means no innovation. Startups innovate as there is no other path for them but it's nearly impossible for startups to rise in the current context. Tesla has innovated in 10 years more than the entire industry in 30, Boeing and Airbus can make a plane that's 40-50% cheaper to operate and both of them know it but they also know that the other guy is not gonna do it because it's time and money and work and risk. The West is very risk averse as risk is grey while the West is back and white, good and bad, heaven and hell, grey doesn't exist.
Large companies do not worry about tomorrow as they have more resources than they need so they worry about today, they focus on maximizing margins through any and all means. And when only such companies own a certain market, they play nice, they don't compete, why would they, nobody wins in a price war (only true in this kind of market) and they become lazy and slow and bloated while innovation would be a pointless complication.
Small companies that are trying to rise are slim, efficient, fast, agile and innovation enables their rise. They worry about being alive and doing well in 15 y from now and that's all that matters, today they don't mind low margins or even losses, as long as they are on the right trajectory.
And for the West even the systems, capitalism and democracy, they are stuck in time, we are not trying to improve them, to innovate, to progress and no progress , in practice, means decay and an eventual collapse. And i suppose maybe we don't innovate because it's all black and white and any different system is defined as bad and bad must be fought and defeated. And we got stuck in a fight with the wind mills, while turning our systems into something sacred that can not be changed. Not even the way we address inflation. Not even adjusted for cultural differences, just absolutism, Inquisition, the only difference between now and colonialist times is that today it's mostly through economic means, not military.
Fun times, a culture that does not progress anymore, absolutist and arrogant. If China takes the same path, remains to be seen. How AI changes the game, also remains to be seen.
The lack of competition also creates a disconnect between economic growth and improvements in quality of life and it's so bad that ,when voting, people from both Europe and the US are shunning the mainstream. True that this is made worse by the fact that we had Covid followed by inflation so times haven't been good in quite a while and people are extra fed up.
And please note that the US sacrifices life, people, for higher economic growth. Europe doesn't., Europeans like to have an actual life as opposed to just work and nothing else. And the growth of the West in the last few decades has been driven by globalization - the West had the capital and the capital owners benefit the most. The US has also enabled and maintained through diplomatic means certain monopolies , MSFT, INTC, QCOM, GOOG, social media and much more - and yes, legal, not so much. The real growth, the one on merit, was mostly in older times, not in recent decades. Recent decades have been a decay, a decay masked by the benefits of globalization.
Dr. Jin should go on mainstream US tv, such as Fox, PBS, CNN to give out your side of opinions on China. There is no one speak on China's side story right now in US media.
Hi Keyu and Keith ❤️🇨🇳🦾😇🌹👋
Without the one child policy that lasted 35 years, China would have 1.8 billion people today, not 1.4. 900 million will be begging for food abroad!
In the 1970s, both China and India had similar size populations. Today, they still have similar size populations, and that's thanks to the One Child policy.
Your point is well-taken. Without the One Child policy, China today would be struggling with poverty and even famine. As it is, India is still mired in absolute poverty with over 100 million people living in horrid conditions.
All countries act in their own interest. That's all there is to it.
Personally, I think the USA has changed culturally over my lifetime. The change is regressive, towards more open racism and outright chauvinism. This has resulted in the breakdown of civil society and infrastructure. We are now back to the 19th century. We have lost 2 centuries of hard won social evolution in less than half a century. There does seem to be an off-ramp. By the end of this century, the USA and the rest of the west will be back in the 17th century. All while China and the rest of the world advance into the 23rd century.
I would say last 30 years I’ve been debating Americans since the 1980s
From the 1990s onward there has been some serious intellectual decline
But it should be no surprise
only mid 30% of Americans are reading and math proficient by the age of 15
@@gryblk21 a d why do you think it happens.?? Nothing.in life and politics is a coincidence
It looks more
..it was planes many years before it is happening. Take my word
It is excelent to read a só inteligent mind. Thank You Keyu Jin
Western economy has a clear line between government and private sector and government has rarely get into private business. But governments in China and many other countries including South Korea and Japan, are historically active in guiding and managing its private sector, even running business (SOE). There are pros and cons to have government involved in business activities. In general, a good government can make everything works and a bad government can make everything looks bad, regardless its governance structure.
She explained very well how did Chinese top and local governments successfully not only plan, manage and orient, but also assist, coordinate and help private/state-owned businesses in last decades.
There was a period that half of the around 5 million military force are engaged in consumer products production . Later on military are forced to give them up and SOEs took over most of them.
Thank you for being so explicit with your explanation about economics policies . 🇨🇳 has profited already too much. Time to stop that machinery of making without receiving from other countries
What does it mean "they value hard work"? That is a statement to stupidify workers. Please talk about how workers are doing in China?
How are they benefiting from their hard work?
She is very smart. China is so much more like Germany than we realize. It’s a more complete German vision than what they wanted from 1930s.
Is that before the social democrats destroyed and murdered their communist allies, setting German up for it’s appointment with its nazzi future? And now Germany is a vassal state of the US
Dalam menjalani penjelajahan kerjasama dengan sirkulasiyang berjalur jalur semakin besar memang dibutuhkan konsepsi yang semakin moderat dan independensi yang semakin memproteksi antar substansi substansi yang menjadi cakupan antar lingkaran pengelolaan
Chinese government is still extremely heavy handed. In Shanghai, Jiangsu and Zhejiang, many small businesses are forcibly being expropriated of their real estate assets, ostensibly to make way for new investments. These small businesses are being forced to pretty much give away their landholdings despite having multiple decades of usage rights left on these properties. The compensation is based on the land acquisition cost from decades ago. Basically, you are given token amount of compensation that isn't enough to buy a residential unit in the same locality, real estate appreciation and inflation effects be damned. Of course, this is still better than the 1950's. Defiance in agreeing to give away one's business in those days meant jail and often much worse. Nowadays, local governments will use all their administrative toolkits such as claiming noncompliance with fire fighting regulations, claiming garbage disposal irregularity and cessation of utility services to force small business owners to agree to the compulsory acquisitions of their landholdings. Most small businesses are still expatriating their capital overseas as they do not believe their hard earned money is safe and contracts signed with Chinese government are not worth the paper they are written on.
The Chinese government are very pragmatic in their thought processes in business dealing. Cooperate where possible and set aside all differences. It’s an extremely profound human concept. Unfortunately, the U.S. government, namely Trump found that concept to be an opportunity to dominate China. In business world, if we knew that our client needs our products badly, our pricing will naturally be elevated and we will take a tougher stand in all negotiations. That’s the reasons for the U.S. government to unceasingly threaten China for the past 4 decades, and the last Trump administration in particular. Trump read the first part of the sentence. He didn’t read the last part, where Chinese are willing to set aside all differences. In other words, if the U.S. leadership has no common ground for cooperation with China, they will set American government aside too. It’s been a funny tales of a pragmatic chinaman and a quick tempered, red hair old drunk.
Chinese governments only co-operate with someone else ONLY when they want to use their "partner", after the Chinese reach what they want they will turn around and kick their "partner" in the butt. Just look at what they do with their own citizens and the other countries around the world. Never trust the commies
How you are going to bring together 5000 years of culture. Civilizations. Science, medizin architecture and so on with a country of 250 year of history. How you are going to explain to a toddler there are universities. The most important thing in life is culture and economy to prosper.
One small step at a time. Plant seeds. The difference in terms of our knowledge gap between my dad when he was 90 and I was 61 was not as stark as when I was 7 and he was 36. Besides the cross cultural learning and inputs between the People of both countries will hopefully bridge the gap.
@TheJOEVIV yes I agree with you from a personal view it is like as you say. But in my opinion it is engraved in the ADN OF PEOPLE , WHICH HAVE A HISTORY OF 5000 years. Even peasants, who are not able to read an write carry with them this wisdom. It goes the same with a family of 500 years...they are in one or the other part history of their community
When China decided the nation need to produce its own washing machines to export because there is no domestic market for washing machine yet, the defense industry more than just SOE stepped in, mass produce washing machines on automatic production lines.
The rest is histories.............
I'm wondering who this Keith Yap is.
I'm Singaporean myself. Never heard of Keith before but recently he's been able to invite quite a few famous and influential people onto his podcast.
Power of persistence and a few cold emails
@KeithYap65 great job!
While i certainly think state had helping hand in China, the reforms and market were decisive factor. The reason for the fastest growth was simply the backwardness of China in comparison to the growth potential there was based on new technologies and the affluence of US and Europe. Of course it took Western countries hundreds of years to develop because there were no robots, computers or maritime links in early 1900 in comparison to what we had in 1980s when China started the reforms. There were no GDP giants like EU and US to buy products in late 1800s or early 1900s and fund such growth.
The reality is that the massive growth of China was only possible because it developed in era that had huge world economy with necessary logistical links in place and Western countries were ready to invest money to China and migrate production there in fashion they did. This doesn't mean China couldn't have grown without it, it's just the reason why it became the record growth that it is.
What does pimpetus mean? 🤔
Small family of 3,4 people cook their own food is a new experiment since mid-1980, may not be that good an idea after all. There are public eateries serve elders and others in many communities at a very affordable price , not unlike what it used to be in people's communes in the countryside ,where there are no private kitchens.
😀😀😀
Understand the countries you trade with but stick to your own history and culture. Opening of China’s markets, under strict central planning, something the last couple of Emperor’s didn’t do is your future, that’s about the only aspect of neoliberalism you want, nothing else, it’s all toxic
She has a very weird perception of Europe, something in line with what he US far right would push. And that's quite shocking as she seems to be smart and a decent person.
When it comes to globalization, Europe focused on Eastern Europe but as that part of Europe is catching up, growth is slowing down.
And Europe is not overly regulated, regulations are hugely insufficient, well bellow what would be reasonable to protect the population. Plus certain types of regulations are not enforced - nobody is trying to make sure that there is competition in the marketplace, nobody is trying to make sure that there are benefits for society. Bureaucracy, that's another matter.
The Western capitalism is in a coma but that's on the lack of (and refusal to enforce existing) regulations, not on too many regulations. Regulations make sure that the system works as design while also protecting the public. They don't slow down the system, they speed it up, they optimize it when the market fails to self-regulate.
the century of shame has begun for USA and Europe.
The advice of... Go after your passion...to a child or not-so-immature teenager is wrong...that's what is happening in America. If you let him/her choose..., you will end up with a totally useless subject...will go with an easy and useless one...instead give advice about learning as much as possible how many different opportunities are there...learn as detail as possible and pursue your ambition.
The US culturally is moving away from hard work and family values.
7:30 Sorry, this all sounds way, way too much CCP halleluja!
When deng opened up with Shenzhen, the cheap HK manufacturing bosses rushed in for the cheap labour. What was produced was also of great value to the internal market (like garments, electronics, etc) That internal market was dirt poor just at the cusp of developing. Stuff was missing in China, cheap stuff was missing in the rest of the world. So manufacturing was the obvious thing to do. Why is it still going on today?
Stuff does not challenge CCP rule! Smart people delivering services does!
If only more Chinese, alot more, can speak and write in English, the international language, maybe the West and China can get along better. English is important, very important in our lives.
That has nothing to do with the issue.
Trump reshoring,easy saying than done .
I like the color red too. It rhymes with dead. I don't plan on posting this nonsense. However, I do like red.
.
.
.
I lied.
0:40 Sorry, lady, the western markets took 200 years and more, because all the modern math, physics, chemistry and loads of other science had to be discovered first one after another! 🤣
At least prof Keyu went to Harvard Where did you study Kit Yuppy?