"When a society shapes a certain mentality, it is very difficult to change."
"China must make radical changes if it is going to realize its full development potential."
"For the past 20 years the Chinese government has over invested in cities, in infrastructure, and they have under invested in people."
Yasheng Huang, an astute long-term observer of the Chinese economy, has produced a well-timed book.
"The main issue facing China today is that the population don’t have long-term confidence about the Chinese economy."
"Essentially, these two countries kind of got married without knowing one another's religions."
"We are basically seeing a repeat of Chinese history, when the Chinese state previously restricted economic and political freedom."
"In my book I observed that the Chinese economy was catching up with South Korea but the Chinese politics was catching up with North Korea."
Yasheng Huang's wry dedication — “to the autocrats of the world. They give us so much to write about” — says it all.
China’s economic misdirection is catalogued in Professor Yasheng Huang’s "The Rise and Fall of the East."
