Yasheng Huang discusses his new book, "The Rise and Fall of the EAST”
"Beijing has betrayed and rejected its own success formula, and the economy is paying the price."
"I compare democracy to an insurance policy. When things go well, you do not need it, but when things go badly, you would appreciate having it."
"In the wise words of a Chinese proverb, 'accompanying the king is like accompanying a tiger.'"
In "The Rise and Fall of the EAST," Mr. Huang explains Chinese history as a tussle between administrative "scale" and intellectual "scope."
"Capitalism is an innovation machine because it provides the mechanisms needed to turn inventions into economy-boosting innovations."
China’s exports and imports collectively make up 40 percent of its total economic output, noted professor Yasheng Huang at a conference in May.
"I would argue that the US is stepping up its investments in science and technology and that the edge of China is likely to go down."
"There's now a renewed emphasis [in China] on economy, on commerce, and on attracting foreign direct investment."
"While there are calls for free speech and elections, the rallying cry since Sunday has been against a jarring oppression."
