"There are tensions domestically between the policy of cracking down on the private sector and the financial and economic dependency on it."
Yasheng Huang insists that all China has done is repurpose Western technology, because entrenched Chinese traditions constrain innovation.
"Competition itself does not destroy relationships. Economic competition makes countries strong."
Young people in China do not have many career choices because the economic growth model primarily focuses on housing infrastructure investment.
"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."
