Bulls and bears are out in full force on China. CEIBS Professor Wang Jianmao warns in NHPR for the danger of complacency after three decades of growth, where the word crisis has been eliminated from the dictionary.
Wang Jianmao of the China Europe International Business School says some companies keep producing and producing as though China’s boom will never end.
“Because of the huge success of the past three decades, I have to say, made some Chinese people very arrogant,” says Wang. “They take this fast growth just for granted. They don’t believe China will have a crisis. The problem is: If you don’t believe you will have a crisis, you will have a crisis.”
On Thursday November 1 the China Weekly Hangout will focus on eight years of harmonious society under Hu Jintao and what we can expect the next eight years under Xi Jinping. Including Janet Carmosky who will report on the findings during the National Committee on US-China Relations China Town Hall on Monday. The CWH is held on 10pm Beijing time, 3pm CET (Europe) and 10pm EST (US). More on the logistics of the hangout later this week at the China Herald or our event page at Google+.
- Comparing two big elections – Janet Carmosky (chinaherald.net)
- What did Barbie wrong in China? – Helen Wang (chinaherald.net)
- Shanghai uses changed policies for foreign investments – Mark Schaub (chinaherald.net)
- Are we ready for Chinese tourists? – Roy Graff (chinaspeakersbureau.info)