"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."
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."
